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BWX Technologies, Inc. (NYSE:BWXT) is among the 10 Best Large Cap Defense Stocks to Buy According to Hedge Funds. On May 4, the company announced robust financial results for Q1 2026, beating Wall Street’s estimates for both revenue and earnings.
Revenue for the quarter was reported at $860.2 million, up 26% from the prior year. Earnings per share came in at $1.12, surpassing estimates by 20 cents, and improving 22% year-over-year. The management credited the results to improved operational performance, which included order backlog execution.
The company raised its guidance for full-year revenue, non-GAAP EPS, adjusted EBITDA, and free cash flow. The new forecast does not account for contributions from the planned acquisition of Precision Components Group, LLC (PCG).
On April 20, BWX Technologies, Inc. (NYSE:BWXT) said that it had reached an agreement to acquire PCG. The move is set to strengthen the company’s heavy manufacturing capabilities and expand its nuclear production capacity for commercial use in the United States. According to the press release, PCG will be included in BWXT’s Commercial Operations segment. The transaction is anticipated to close during the back half of 2026.
In other news, the company is seeking a uranium enrichment license to build a new facility next to Erwin’s Nuclear Fuel Services (NFS) facility. The Nuclear Regulatory Commission was informed about the plan last month.
BWX Technologies, Inc. (NYSE:BWXT) is focused on providing nuclear solutions for global security, environmental protection, clean energy, and space exploration. The stock has returned 13% year-to-date, as of the close on May 5.
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