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Truist Financial Sticks to Its Buy Rating for BWX Technologies (BWXT)
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Truist Financial Sticks to Its Buy Rating for BWX Technologies (BWXT)

In a report released on August 30, Michael Ciarmoli from Truist Financial maintained a Buy rating on BWX Technologies (BWXTResearch Report), with a price target of $83.00. The company’s shares closed last Friday at $73.97.

Ciarmoli covers the Industrials sector, focusing on stocks such as Leonardo Drs, Moog, and Ducommun. According to TipRanks, Ciarmoli has an average return of 10.8% and a 62.04% success rate on recommended stocks.

Currently, the analyst consensus on BWX Technologies is a Strong Buy with an average price target of $82.60.

See today’s best-performing stocks on TipRanks >>

BWXT market cap is currently $6.77B and has a P/E ratio of 30.27.

Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is neutral 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. The Nuclear Services Group segment includes nuclear materials processing, environmental site restoration services and management, operating services for various government-owned facilities, and inspection and maintenance services for the commercial nuclear industry. The Nuclear Power Group segment involves in the design and manufacture of commercial nuclear steam generators, heat exchangers, pressure vessels, reactor components, and other auxiliary equipment such as containers for the storage of spent nuclear fuel and other high-level nuclear waste. The company was founded by Stephen Wilcox and George Babcock in 1867 and is headquartered in Lynchburg, VA.

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