Maxim Group analyst Tate Sullivan maintained a Buy rating on BWX Technologies (BWXT) on January 2 and set a price target of $60. The company’s shares closed on Friday at $39.63, close to its 52-week low of $35.91.
According to TipRanks.com, Sullivan is ranked #3633 out of 5120 analysts.
Currently, the analyst consensus on BWX Technologies is a Moderate Buy with an average price target of $52.83.
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Based on BWX Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $77.92 million. In comparison, last year the company had a GAAP net loss of $15.69 million.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BWXT in relation to earlier this year.
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BWX Technologies, Inc. engages in the supply and provision of nuclear components and products. It operates through the following business segments: Nuclear Operations Group, Nuclear Services Group, and Nuclear Power Group. The Nuclear Operations Group segment focuses on the design and manufacture of equipment for nuclear applications.
