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BWX Technologies (BWXT) Share Price Target Raised Following Earnings
BWX Technologies (NYSE:BWXT) had its share price target raised to $235 from $225 by BTIG, which maintained a Buy rating, after reporting strong fiscal fourth-quarter revenues of $885 million, beating FactSet estimates. The company’s backlog also grew 50% year-over-year to $7.3 billion in 2025. CNBC’s Jim Cramer highlighted BWXT’s advantageous position in both the defense and nuclear industries, benefiting from increased Pentagon budgets and commercial nuclear activity, despite an earlier downgrade to Neutral by Seaport Global.