Maxim Group Maintains a Buy Rating on BWX Technologies (BWXT)

By Ryan Adsit

In a report released today, Tate Sullivan from Maxim Group maintained a Buy rating on BWX Technologies (BWXTResearch Report), with a price target of $68. The company’s shares closed yesterday at $49.09.

Sullivan wrote:

“We increase our 2019E EPS to $2.54 (from $2.53), 2020E to $2.75 (from $2.69), and 2021E to $2.84 (from $2.71) on higher revenue forecasts in most of BWXT’s nuclear businesses.”

According to, Sullivan is a 3-star analyst with an average return of 4.4% and a 62.5% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Natural Gas Services Group, Emcor Group, and Tetra Tech.

The word on The Street in general, suggests a Hold analyst consensus rating for BWX Technologies with a $53.25 average price target.

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BWX Technologies’ market cap is currently $4.68B and has a P/E ratio of 21.74. The company has a Price to Book ratio of 19.84.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock.

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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.