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Stock impact report

BNP Paribas Sees BWX Technologies' (BWXT) Defense Strength Largely Reflected in Valuation [Yahoo! Finance]

BWX Technologies, Inc. (BWXT) 
Last bwx technologies, inc. earnings: 2/24 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investors.bwxt.com
Company Research Source: Yahoo! Finance
On January 15, BNP Paribas initiated coverage of BWX Technologies, Inc. (NYSE:BWXT) with a Neutral rating and a $215 price target. Analyst Matthew Akers said the company offers a compelling mix of defense exposure and longer-term commercial nuclear optionality, but much of that appeal already appears reflected in the stock. “BWXT has an attractive defense business with commercial nuclear optionality, but this looks priced in with margin upside more of a 2027+ opportunity,” Akers wrote in a research note dated January 14. He added that BNP Paribas sees limited near-term total shareholder return at current valuation levels. The firm also expects margins in BWXT's government operations segment to remain under pressure in the near term. Akers pointed out that margins have fallen by roughly 150 basis points since 2021, largely due to inflation working its way through long-term contracts and a higher mix of lower-margin development programs, including microreactors and space nuclear prop Show less Read more
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