What smart money is saying about BWX Technologies
3 funds in our archive have pitched BWX Technologies — most recently Brown Advisory US Smaller Companies Fund in June 2025.
BWX Technologies, Inc. manufactures and sells nuclear components in the United States, Canada, and internationally. It operates in three segments: Nuclear Operations Group, Nuclear Power Group, and Nuclear Services Group. The Nuclear Operations Group segment provides precision naval and critical nuclear components, reactors, nuclear fuel, and assemblies for the United States Department of Energy/National Nuclear Security Administration's Naval Nuclear Propulsion Program and other uses; missile launch tubes for United States Navy submarines; close-tolerance and equipment for nuclear applications; and converts Cold War-era government stockpiles of high-enriched uranium, as well as receives, stores, characterizes, dissolves, recovers, and purifies uranium-bearing materials; supplies research reactor fuel elements for colleges, universities, and national laboratories; and components for defense applications. The Nuclear Power Group segment offers commercial nuclear steam generators, nuclear fuel, fuel handling systems, pressure vessels, reactor components, heat exchangers, tooling delivery systems, and containers; engineering and in-plant services for nuclear power plants; designs, manufactures, commissions, and services nuclear power generation equipment; in-plant inspection, maintenance, and modification services, as well as non-destructive examination and tooling/repair solutions; and supplies medical radioisotopes and radiopharmaceuticals for research, diagnostic, and therapeutic uses. The Nuclear Services Group segment provides nuclear materials processing, environmental site restoration, and management and operating services; develops technology for nuclear power sources application; and designs, engineers, licenses, and manufactures nuclear reactors. The company was formerly known as The Babcock & Wilcox Company and changed its name to BWX Technologies, Inc. in June 2015. BWX Technologies, Inc. was founded in 1867 and is headquartered in Lynchburg, Virginia.
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Position history
Between Q2 2025 and Q2 2026, 2 fund letters reported a position in BWX Technologies, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 0 | 0 | 0 |
| Q2 2025 | 0 | 0 | 0 | 3 |
Fund activity · 2 positions
- June 2026
“Portfolio Performance & Attribution During the second quarter of 2026, the Polen 5Perspectives Growth Opportunities Portfolio (the “Portfolio”) returned 25.16% net of fees compared to the 17.05% return of the Russell 3000 Growth Index (the “Index”). The top contributors to the Portfolio’s relative performance in the quarter were Bloom Energy, Advanced Micro Devices, and Nebius Group. Bloom Energy is a provider of solid oxide fuel cells that play a critical role in delivering clean, reliable, “always-on” power at scale. Shares outperformed as a notable second-order effects of the AI buildout has been the growing need for dependable power generation outside the traditional grid. That backdrop, along with strong quarterly execution and a more constructive view on data center-related demand, supported the stock during the period. Advanced Micro Devices contributed meaningfully as investor appetite for AI infrastructure remained strong through much of the quarter. The company continued to benefit from enthusiasm around its role in data center CPUs1 and accelerators, while broader semiconductor leadership remained supported by expectations for sustained AI-related capital spending. In that environment, shares participated in the strong advance across much of the semiconductor complex. Nebius Group, a leading neocloud provider, was another notable contributor. The company is viewed by the market as a way to participate in expanding AI-related infrastructure and compute demand, and shares benefited as investors broadened their search for businesses tied to the increase in AI workloads beyond the largest platform companies. The stock’s move reflected both that thematic support and the market’s willingness during the period to reward emerging beneficiaries of the AI buildout. The most significant detractors from the Portfolio’s relative performance in the quarter were Fastly, BWX Technologies, and Palantir Technologies.”
BWX Technologies - June 2026
“BWX Technologies supplies nuclear components and services primarily for the U.S. Navy, while also expanding its presence in commercial nuclear power and advanced reactor technologies. Shares lagged during the quarter despite solid fundamentals, as investor enthusiasm shifted toward higher - beta AI and technology - related beneficiaries during the market rally. While the stock underperformed in the period, we continue to view BWX as well positioned to benefit from growing investment in nuclear energy and defense modernization.”
BWX Technologies
Fund coverage · 3 theses
BWX Technologies, Inc. is a leading supplier of essential reactor components for the U.S. nuclear submarine fleet, benefiting from strong customer relationships, long-term contracts, and diverse revenue streams that are expected to drive solid growth and cash flow generation.
Read the full thesis- Artisan US Mid Cap Growth StrategyJune 2025
BWX Technologies is a dominant player in the nuclear reactor market, holding a unique position with exclusive licensing for handling highly enriched uranium and benefiting from long-term growth prospects fueled by US Navy contracts and potential investments in nuclear energy.
Read the full thesis - Burke Wealth ManagementJune 2025
BWX Technologies is a stable investment opportunity due to its crucial role in nuclear propulsion for the US Navy, government-backed revenue, and growth potential in nuclear technology and radiopharmaceuticals.
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