BWX Technologies (BWXT) Price Target Hiked at Truist Securities on Solid Q2 Results and Guidance

BWX Technologies, Inc. (NYSE:BWXT) is one of the top industrial stocks to buy amid easing tariff uncertainties. On August 5, Truist Securities reiterated a ‘Hold’ rating on the stock and raised the price target to $145 from $114.

The price target hike comes on the heels of the company delivering solid second-quarter results, with earnings coming in at $1.02 a share, surpassing the expected $0.79. Revenue also topped consensus estimates of $708.55 million, coming in at $764 million.

Truist Securities is also buoyed by BWX Technologies raising its full-year outlook, signaling strong underlying growth. The company’s Commercial Operations segment is expected to deliver improved margins in the second half of the year, driven by a potent product mix.

In addition, Truist Securities remains optimistic about BWX Technologies’ business, which it believes is performing exceptionally well due to strong execution and demand across all markets. The research firm expects growth in the government operations segment, along with the potential of Small Modular Reactors in Commercial operations, to bolster the stock’s sentiments.

BWX Technologies, Inc. (NYSE:BWXT) is an industrial company that provides nuclear solutions for global security, clean energy, environmental restoration, nuclear medicine, and space exploration. It specializes in nuclear technology, offering a wide range of products and services, including nuclear components, fuel, and site management.

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Disclosure: None. This article is originally published at Insider Monkey.