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BWX Technologies (BWXT) Gets a Buy from Northland Securities

Tipranks - Sat Jun 6, 1:00PM CDT

In a report released today, Jeff Grampp from Northland Securities maintained a Buy rating on BWX Technologies, with a price target of $250.00.

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Grampp covers the Energy sector, focusing on stocks such as Hallador Energy Company, Flotek, and Centrus Energy. According to TipRanks, Grampp has an average return of 10.7% and a 37.45% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BWX Technologies with a $233.14 average price target.

Based on BWX Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $861.1 million and a net profit of $91.19 million. In comparison, last year the company earned a revenue of $682.26 million and had a net profit of $75.53 million

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BWXT in relation to earlier this year. Last month, Michael Thomas Fitzgerald, the SVP & CFO of BWXT sold 2,417.00 shares for a total of $505,757.25.

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