BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. Its Nuclear Operations Group segment offers nuclear components, reactors, assemblies, and fuel for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; close-tolerance equipment for nuclear applications; research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. It also provides missile launch tubes for the United States Navy submarines; converts Cold War-era government stockpiles of high-enriched uranium; and receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials. Its Nuclear Services Group segment provides nuclear materials processing, environmental site restoration, and management and operating services for the United States government-owned facilities; develops technology for advanced nuclear power sources application; designs, engineers, licenses, and manufactures advance nuclear reactors; and inspects and services steam generators, heat exchangers, reactors, fuel handling systems, and balance of plants; and provides non-destructive examination and tooling/repair solutions, and nuclear fuel. Its Nuclear Power Group segment offers commercial nuclear steam generators, heat exchangers, pressure vessels, reactor components, and containers; nuclear fuel, fuel handling systems, tooling delivery systems, and related services, as well as engineering and in-plant services for nuclear power plants; and medical radioisotopes and radiopharmaceuticals. It also designs, manufactures, commissions, and services nuclear power generation equipment. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. The company was founded in 1867 and is headquartered in Lynchburg, Virginia.
IPO Year:
Exchange: NYSE
Website: bwxt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2024 | $148.00 | Neutral → Overweight | Alembic Global Advisors |
| 7/24/2024 | $75.00 → $90.00 | Equal Weight → Underweight | Barclays |
| 6/27/2024 | $113.00 | Buy | Janney |
| 6/26/2024 | $110.00 | Buy | BTIG Research |
| 6/3/2024 | Buy | CLSA | |
| 3/25/2024 | $110.00 → $95.00 | Buy → Hold | Truist |
| 11/3/2023 | $79.00 → $82.00 | Overweight → Neutral | Alembic Global Advisors |
| 9/28/2023 | $86.00 | Buy | Deutsche Bank |
| 8/4/2023 | $61.00 → $85.00 | Neutral → Outperform | Robert W. Baird |
| 12/8/2022 | $64.00 | Underweight → Equal Weight | Barclays |
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10-Q - BWX Technologies, Inc. (0001486957) (Filer)
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Barclays analyst David Strauss downgrades BWX Technologies (NYSE:BWXT) from Equal-Weight to Underweight and raises the price target from $75 to $90.
Actinium-225 (Ac-225) is a critical medical isotope used to kill cancer cells while minimizing the impact to healthy tissues.
BWXT Medical Ltd., a subsidiary of BWX Technologies, Inc. (NYSE:BWXT) and NorthStar Medical Radioisotopes, LLC (NorthStar) today announced that they have signed a Master Services Agreement (MSA), which will facilitate the production of actinium-225 (Ac-225), a critical medical isotope used to kill cancer cells while minimizing the impact to healthy tissues. Medical isotopes are essential for a wide range of diagnostic and therapeutic procedures, including cancer treatments and advanced imaging techniques. Pursuant to the multi-year MSA, the companies will work together to process and purify radium-226. The scope of the agreement also includes potential target design projects and exploration
BWX Technologies's (NYSE:BWXT) short percent of float has risen 14.29% since its last report. The company recently reported that it has 977 thousand shares sold short, which is 1.2% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.12 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short intere
Janney Montgomery Scott analyst Thomas Meric initiates coverage on BWX Technologies (NYSE:BWXT) with a Buy rating and announces Price Target of $113.
BTIG analyst Andre Madrid initiates coverage on BWX Technologies (NYSE:BWXT) with a Buy rating and announces Price Target of $110.
Support Strong Among Wyoming Stakeholders and Potential Vendors During Phase One of Cost-Share Program
BWX Technologies, Inc. (NYSE:BWXT) today announced a contract award from the U.S. Department of Energy, National Nuclear Security Administration (DOE/NNSA) for management and operations of the Pantex Plant. Following an initial term of five years, NNSA has the ability to award three additional five-year option periods. If all contract options are exercised, the contract will span 20 years at a funding level of approximately $30 billion.The NNSA announced the contract was awarded to PanTeXas Deterrence LLC (PXD). PXD is a joint venture led by a BWX Technologies, Inc. (BWXT) subsidiary – it also includes Fluor; SOC, A Day & Zimmermann Company; and The Texas A&M University System.
Deutsche Bank analyst Scott Deuschle maintains BWX Technologies (NYSE:BWXT) with a Buy and lowers the price target from $110 to $107.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he is not going to recommend Schlumberger Limited (NYSE:SLB) here, even though he likes the company as it has “got too much business that is not acting well right now.“ On April 19, Schlumberger reported upbeat sales for its first quarter. When asked about BWX Technologies, Inc. (NYSE:BWXT), he said, “Interesting, but I'm going to have to give you GE Vernova (NYSE:GEV). I need to have some stability, yours does not have the stability that I like.” On May 6, BWX Technologies posted better-than-expected first-quarter earnings. The company posted adjusted earnings of 76 cents per share, beating market estimates of 69 cents per shar
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3Q24 revenues of $672.0 million 3Q24 net income of $69.6 million, adjusted EBITDA(1) of $127.0 million 3Q24 diluted GAAP EPS of $0.76, non-GAAP(1) EPS of $0.83 Expanding special materials portfolio with announced acquisition of A.O.T., a sole source provider of depleted uranium and finished specialty metals for mission critical defense applications; targeting close by year-end 2024 non-GAAP EPS(1) guidance raised to ~$3.20 Preliminary 2025 guidance for revenue, non-GAAP EPS(1) and adjusted EBITDA(1) to grow mid-to-high-single-digits; free cash flow(1) growth to be sustained at 10% or higher BWX Technologies, Inc. (NYSE:BWXT) ("BWXT", "we", "us" or the "Company") reported third
BWX Technologies, Inc. (NYSE:BWXT) and L3Harris Technologies, Inc. (NYSE:LHX) today announced the signing of a purchase agreement for BWXT to acquire L3Harris' Aerojet Ordnance Tennessee, Inc. (A.O.T.) business for approximately $100 million. A.O.T. is a leading provider of advanced specialty materials, fabrication and high-strength alloy manufacturing, including depleted uranium engineered materials. A.O.T. will further enhance BWXT's capabilities to develop and manufacture advanced materials and products for commercial, military and space applications. "With decades of experience in specialized materials and metallurgy, A.O.T. brings exciting resources and expertise to BWXT," said Rex G
BWX Technologies, Inc. (NYSE:BWXT) and L3Harris Technologies, Inc. (NYSE:LHX) today announced the signing of a purchase agreement for BWXT to acquire L3Harris' Aerojet Ordnance Tennessee, Inc. (A.O.T.) business for approximately $100 million. A.O.T. is a leading provider of advanced specialty materials, fabrication and high-strength alloy manufacturing, including depleted uranium engineered products. A.O.T. will further enhance BWXT's capabilities to develop and manufacture advanced materials and products for commercial, military and space applications. "With decades of experience in specialized materials and metallurgy, A.O.T. brings exciting resources and expertise to BWXT," said Rex Ge
John D. Haynes School of Welding Technology Fills Critical Training Need to Support National Defense Priorities BWX Technologies, Inc. (NYSE:BWXT) today announced the opening of the John D. Haynes School of Welding Technology at Mount Vernon High School in Mount Vernon, Indiana. The company, along with the U.S. Navy and the BlueForge Alliance, have invested $500,000 into the new school to help further the educational journeys of students interested in pursuing a career in welding. The welding school provides a direct employment opportunity for students from Mount Vernon High School to BWXT's Nuclear Operations Group in Mount Vernon. Participants can complete their high school degree and p
BWX Technologies, Inc. (NYSE:BWXT) is pleased to announce that Hanford Tank Waste Operations & Closure, LLC (H2C) has been approved by the U.S. Department of Energy (DOE) to begin the Hanford Integrated Tank Disposition Contract (ITDC). After being previously approved to work on pre-transition activities, the DOE has issued H2C a notice to proceed, effective October 21, 2024. Earlier in 2024, the DOE announced that the contract had been awarded to H2C, which is a joint venture led by a BWXT subsidiary and includes Amentum and Fluor companies. A protest against this award was recently dismissed in the U.S. Court of Federal Claims. "We are very excited to begin working with DOE on this incr
BWX Technologies, Inc. (NYSE:BWXT) today announced that its Nuclear Fuel Services, Inc. (NFS) subsidiary was selected by the U.S. Department of Energy (DOE) as one of the successful bidders for High-Assay Low-Enriched Uranium (HALEU) deconversion services to support the civil advanced reactor marketplace. This is an indefinite-delivery, indefinite-quantity contract where future orders will be solicited by DOE from those who received awards, including NFS. The minimum ordering guarantee is $2 million. The DOE is scheduled to release more information about this award today, Oct. 8, at 5:30 p.m. E.T. Forward Looking Statements BWXT cautions that this release contains forward-looking statem
BWX Technologies, Inc. (NYSE:BWXT) will issue a press release detailing third quarter 2024 results on Monday, November 4, 2024, after market close and will host a conference call at 5:00 p.m. EST. Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 1-888-596-4144 and (International) 1-646-968-2525; conference ID: 4276735. A replay of the call will remain available on the BWXT website for a limited time. About BWXT At BWX Technologies, Inc. (NYSE:BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a Defense News Top 1
$100,000 Contribution Underscores Community Commitment BWX Technologies, Inc., the parent company of Nuclear Fuel Services (NFS), today announced a $100,000 donation to the Unicoi County United Way to support the recovery efforts underway in the Erwin, Tennessee community. This contribution will directly support emergency response teams on the ground, helping to provide essential supplies, medical aid, shelter and long-term recovery services to those affected by this devastating event. "The entire BWXT employee community has been saddened by the tragedy from the historic level of flooding in the Erwin community caused by Hurricane Helene," said Rex Geveden, president and chief executive o
BWX Technologies, Inc. (NYSE:BWXT) today announced a contract from the National Nuclear Security Administration (NNSA) to complete a yearlong engineering study to evaluate options for the deployment of a centrifuge pilot plant that would establish a domestic uranium enrichment capability for national security purposes. Awarded to BWXT subsidiary Nuclear Fuel Services, Inc., this contract represents the next phase of the NNSA's Domestic Uranium Enrichment Centrifuge Experiment (DUECE). The NNSA's DUECE program, developed and managed by Oak Ridge National Laboratory (ORNL), is intended to preserve and advance uranium enrichment expertise and technology for current and future U.S. national s
BWX Technologies, Inc. (NYSE:BWXT) has appointed Vittorio Puppo as president of BWXT Medical Ltd., effective August 12, 2024. In his new role, Puppo will focus on advancing the business' mission to deliver high-quality nuclear medical products and solutions that improve patient outcomes worldwide. Puppo brings a wealth of experience to BWXT Medical, with over 30 years of experience in the areas of imaging, nuclear medicine, radiation therapy and biotech, in both Europe and North America. In his most recent roles, he served as chief operating officer of Radiopharm Theranostics and held various positions with Bracco. These include chief marketing and strategy officer of Bracco Imaging, pres
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Alembic Global Advisors upgraded BWX Technologies from Neutral to Overweight and set a new price target of $148.00
Barclays downgraded BWX Technologies from Equal Weight to Underweight and set a new price target of $90.00 from $75.00 previously
Janney initiated coverage of BWX Technologies with a rating of Buy and set a new price target of $113.00
BTIG Research initiated coverage of BWX Technologies with a rating of Buy and set a new price target of $110.00
CLSA initiated coverage of BWX Technologies with a rating of Buy
Truist downgraded BWX Technologies from Buy to Hold and set a new price target of $95.00 from $110.00 previously
Alembic Global Advisors downgraded BWX Technologies from Overweight to Neutral and set a new price target of $82.00 from $79.00 previously
Deutsche Bank initiated coverage of BWX Technologies with a rating of Buy and set a new price target of $86.00
Robert W. Baird upgraded BWX Technologies from Neutral to Outperform and set a new price target of $85.00 from $61.00 previously
Barclays upgraded BWX Technologies from Underweight to Equal Weight and set a new price target of $64.00
3Q24 revenues of $672.0 million 3Q24 net income of $69.6 million, adjusted EBITDA(1) of $127.0 million 3Q24 diluted GAAP EPS of $0.76, non-GAAP(1) EPS of $0.83 Expanding special materials portfolio with announced acquisition of A.O.T., a sole source provider of depleted uranium and finished specialty metals for mission critical defense applications; targeting close by year-end 2024 non-GAAP EPS(1) guidance raised to ~$3.20 Preliminary 2025 guidance for revenue, non-GAAP EPS(1) and adjusted EBITDA(1) to grow mid-to-high-single-digits; free cash flow(1) growth to be sustained at 10% or higher BWX Technologies, Inc. (NYSE:BWXT) ("BWXT", "we", "us" or the "Company") reported third
BWX Technologies, Inc. (NYSE:BWXT) will issue a press release detailing third quarter 2024 results on Monday, November 4, 2024, after market close and will host a conference call at 5:00 p.m. EST. Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 1-888-596-4144 and (International) 1-646-968-2525; conference ID: 4276735. A replay of the call will remain available on the BWXT website for a limited time. About BWXT At BWX Technologies, Inc. (NYSE:BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a Defense News Top 1
2Q24 revenues of $681.5 million 2Q24 net income of $73.0 million, adjusted EBITDA(1) of $126.2 million 2Q24 diluted GAAP EPS of $0.79, non-GAAP(1) EPS of $0.82 BWXT-led JV awarded management and operations contract for the NNSA's Pantex Plant 2024 non-GAAP EPS(1) guidance revised to $3.10-$3.20 BWX Technologies, Inc. (NYSE:BWXT) ("BWXT", "we", "us" or the "Company") reported second quarter 2024 results. A reconciliation of non-GAAP results are detailed in Exhibit 1. "Second quarter results were ahead of our expectations driven by strong organic growth and crisp execution across our business lines," said Rex. D Geveden. "Our solid year-to-date performance provides us th
BWX Technologies, Inc. (NYSE:BWXT) will issue a press release detailing second quarter 2024 results on Monday, August 5, 2024, after market close and will host a conference call at 5:00 p.m. EDT. Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 1-888-596-4144 and (International) 1-646-968-2525; conference ID: 7880317. A replay of the call will remain available on the BWXT website for a limited time. About BWXT At BWX Technologies, Inc. (NYSE:BWXT), we are People Strong, Innovation Driven. A U.S.-based company, BWXT is a Fortune 1000 and Defense News To
1Q24 revenues of $604.0 million 1Q24 net income of $68.5 million, adjusted EBITDA(1) of $115.2 million 1Q24 diluted GAAP EPS of $0.75, non-GAAP(1) EPS of $0.76 Announced expansion of Cambridge manufacturing plant; enhancing capabilities to serve the global CANDU and Small Modular Reactor markets Reaffirms 2024 non-GAAP EPS(1) guidance of $3.05-$3.20 BWX Technologies, Inc. (NYSE:BWXT) ("BWXT", "we", "us" or the "Company") reported first quarter 2024 results. A reconciliation of non-GAAP results are detailed in Exhibit 1. "We started 2024 with solid operating results in each of our business segments, both financially and strategically," said Rex. D. Geveden, president and ch
C$80 million investment will create more than 200 new jobs in Ontario One of North America's largest commercial nuclear manufacturers to get even bigger, driven by increasing demand for clean nuclear energy BWX Technologies, Inc. (NYSE:BWXT) announced today an investment to expand its Cambridge manufacturing plant. Already one of the largest nuclear commercial manufacturing facilities in North America, the site's increased footprint will enable greater capacity to support ongoing and anticipated customers' investments in Small Modular Reactors, traditional large-scale nuclear and advanced reactors, in Canada and around the world. The expansion, estimated to cost C$50 million, will inc
BWX Technologies, Inc. (NYSE:BWXT) will issue a press release detailing first quarter 2024 results on Monday, May 6, 2024, after market close and will host a conference call at 5:00 p.m. EDT. Listen-only participants are encouraged to participate and view the supporting presentation via the Internet at www.bwxt.com/investors. The dial-in numbers for participants are (U.S.) 1-888- 550-5326 and (International) 1-646-960-0829; conference ID: 5948806. A replay of the call will remain available on the BWXT website for a limited time. About BWXT At BWX Technologies, Inc. (NYSE:BWXT), we are People Strong, Innovation Driven. Headquartered in Lynchburg, Virginia, BWXT is a Defense News Top 10
4Q23 diluted GAAP EPS of $0.72, diluted non-GAAP(1) EPS of $1.01, on revenue of $725.5 million 4Q23 net income of $66.3 million, adjusted EBITDA(1) of $147.6 million 2023 diluted GAAP EPS of $2.68, diluted non-GAAP(1) EPS of $3.02, on revenue of $2.5 billion 2023 net income of $246.3 million, adjusted EBITDA(1) of $471.9 million 2023 operating cash flow of $363.7 million, free cash flow(1) of $212.4 million Initiates 2024 guidance for Non-GAAP EPS of $3.05-$3.20, adjusted EBITDA(1) of ~$500 million To host Investor Day on Wednesday, February 28, 2024 BWX Technologies, Inc. (NYSE:BWXT) ("BWXT", "we", "us" or the "Company") reported fourth quarter and full year 2023 resu
BWX Technologies, Inc. (NYSE:BWXT) will issue a press release detailing fourth quarter and full-year 2023 results on Tuesday, February 27, 2024 after market close and will host a conference call at 5:00 p.m. EST. Listen-only participants are encouraged to participate and view the supporting presentation via the internet at investors.bwxt.com. The dial-in numbers for participants are (U.S.) 1-888-550-5326 and (International) 1-646-960-0829; conference ID: 5948806. A replay of the call will remain available on the BWXT website for a limited time. Investor Day on Wednesday, February 28, 2024 BWXT will host an Investor Day with financial analysts and institutional investors on Wednesday,
3Q23 revenues of $590.0 million 3Q23 net income of $60.4 million, adjusted EBITDA(1) of $106.5 million 3Q23 diluted GAAP EPS of $0.66, non-GAAP(1) EPS of $0.67 Multiple agreements signed to progress microreactor development for commercial applications Narrowing 2023 non-GAAP(1) EPS guidance to $2.90-$2.95 Preliminary 2024 guidance for non-GAAP EPS(1) and adjusted EBITDA(1) to grow mid-single-digits BWX Technologies, Inc. (NYSE:BWXT) ("BWXT", "we", "us" or the "Company") reported third quarter 2023 GAAP net income attributable to BWXT of $60.3 million, or diluted earnings per share (EPS) of $0.66, on third quarter revenues of $590.0 million. Third quarter 2023 non-GAAP(1)
John D. Haynes School of Welding Technology Fills Critical Training Need to Support National Defense Priorities BWX Technologies, Inc. (NYSE:BWXT) today announced the opening of the John D. Haynes School of Welding Technology at Mount Vernon High School in Mount Vernon, Indiana. The company, along with the U.S. Navy and the BlueForge Alliance, have invested $500,000 into the new school to help further the educational journeys of students interested in pursuing a career in welding. The welding school provides a direct employment opportunity for students from Mount Vernon High School to BWXT's Nuclear Operations Group in Mount Vernon. Participants can complete their high school degree and p
BWX Technologies, Inc. (NYSE:BWXT) has appointed Vittorio Puppo as president of BWXT Medical Ltd., effective August 12, 2024. In his new role, Puppo will focus on advancing the business' mission to deliver high-quality nuclear medical products and solutions that improve patient outcomes worldwide. Puppo brings a wealth of experience to BWXT Medical, with over 30 years of experience in the areas of imaging, nuclear medicine, radiation therapy and biotech, in both Europe and North America. In his most recent roles, he served as chief operating officer of Radiopharm Theranostics and held various positions with Bracco. These include chief marketing and strategy officer of Bracco Imaging, pres
SMR Supplier Group Will Support Global Deployment of BWRX-300 Design BWXT Canada Ltd., a subsidiary of BWX Technologies, Inc. (NYSE:BWXT), has been selected as the first qualified supply chain company to join the GE Vernova nuclear business' supplier group that will advance the global deployment of the BWRX-300 small modular reactor (SMR). The purpose of the supplier group is to ensure a reliable, cost effective and innovative process for the manufacture and commercialization of the BWRX-300 currently under design by GE Vernova's nuclear business, GE Hitachi Nuclear Energy (GEH). Suppliers who meet pre-defined criteria, customer requirements and demonstrate a willingness to internally i
MONTREAL, April 11, 2024 /CNW/ - AtkinsRéalis, a fully integrated professional services and project management company with offices around the world, welcomes BWXT Canada Ltd., a company with over 60 years of expertise and experience in the designing, manufacturing, commissioning, and servicing of nuclear power generation equipment, as a new ambassador in support of the Canadians for CANDU campaign. The Canadians for CANDU campaign was launched on February 28, 2024. Spearheaded by Co-Chairs the Right Honourable Jean Chretien and former Ontario Premier Mike Harris, the campaign
BWX Technologies, Inc. (NYSE:BWXT) announced today that Jan A. Bertsch has been elected as its new chair of the board of directors, effective May 3, 2022, succeeding retiring board chairman John A. Fees. Bertsch has served as an independent director of BWXT since 2013, and she was most recently the chair of its audit and finance committee and a member of the compensation committee. She also serves on the board of directors of Meritor and its audit and governance committees, as well as the board of directors of Regal Rexnord and its audit and compensation committees. "We are extremely fortunate to have someone of Jan's caliber assume this important leadership position for our company," sai
SANTA ANA, Calif., May 12, 2021 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ:TTMI), a leading global printed circuit board ("PCB") and radio frequency ("RF") components and assemblies manufacturer, announced today that Robert E. Klatell has retired from his position as Chairman of the Board and Board member of TTM in accordance with TTM's Corporate Governance Policy that proscribes a mandatory retirement for Directors at the age of 75. Mr. Klatell has served as a Director of our Company since September 2004 and our Chairman of the Board since May 2005. TTM also announced that effective May 12, 2021, Rex D. Geveden has been appointed by the unanimous vote of the remaining D