Maxim Group analyst Tate Sullivan maintained a Buy rating on BWX Technologies (BWXT) today and set a price target of $60. The company’s shares closed yesterday at $40.66, close to its 52-week low of $35.91.
Sullivan commented:
“In the upcoming quarterly earnings press release (likely to be reported in late February), we expect BWXT to announce a 12% dividend increase and 4Q18 EPS of $0.59, up 25% y/y, within EPS guidance of $0.58-$0.62 and equal to the consensus forecast.”
According to TipRanks.com, Sullivan is a 2-star analyst with an average return of -0.2% and a 54.2% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Emcor Group, Tetra Tech, and Aegion.
BWX Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $52.83.
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The company has a one-year high of $72.18 and a one-year low of $35.91. Currently, BWX Technologies has an average volume of 1.05M.
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.
