The Latest Breaking News from BWXT

Author's Note: BWXT was last featured on 2/15 when it traded at $86.78 and has since gained 44% Summary BWX Technologies (BWXT) has gained 44% since February, driven by strong technical indicators and consistent price appreciation, including a Trend Seeker buy signal. BWXT operates in Government and Commercial segments, manufacturing...

The defense industry is anticipated to grow amid geopolitical unrest worldwide, substantial investments in technology, and an uptick in defense spending by countries. Given this backdrop, investors could consider buying quality defense stocks: Embraer (ERJ), Allegion (ALLE), BWX Technologies (BWXT), and TransDigm (TDG). Read on.

BWX Technologies Inc (NYSE:BWXT) subsidiary BWXT Medical Ltd. and TRIUMF, Canada’s particle accelerator centre, have established a licensing and services agreement. The agreement strengthens their existing partnership for the production of medical isotopes. It enables BWXT Medical to manufacture high purity Actinium-225 (Ac-225) based products for pharmaceutical companies as it continues to…

BWX Technologies, Inc. (NYSE:BWXT) has secured a contract from the U.S. Department of Defense (DoD) Strategic Capabilities Office (SCO) to build the first advanced nuclear microreactor in the U.S.  BWXT Advanced Technologies LLC will build the prototype in Lynchburg, Virginia, and Euclid, Ohio, under a cost-type contract valued at around $300 million, depending…

Pulled from Benzinga Pro data, BWX Technologies (NYSE:BWXT) posted Q1 earnings of $59.07 million, an increase from Q4 of 49.47%. Sales dropped to $531.00 million, a 10.3% decrease between quarters.

BWX Technologies Inc (NYSE:BWXT) price target has been raised to $65 (an upside of 25%) from $55 by BofA analyst Ronald Epstein, who expects BWXT to continue benefiting from increased defense spending and a greater emphasis on naval operations. The analyst maintained his Buy rating on BWX Technologies shares. Epstein boosted the price target, citing…

According to Benzinga Pro, during Q4, BWX Technologies (NYSE:BWXT) earned $116.91 million, a 94.33% increase from the preceding quarter. BWX Technologies also posted a total of $591.98 million in sales, a 18.7% increase since Q3.

BWX Technologies (NYSE:BWXT) reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:00 PM. Here's what investors need to know about the announcement.