10 Best Mid Cap Defense Stocks to Buy According to Analysts

6. BWX Technologies, Inc. (NYSE:BWXT)

Market Cap: $9.44 billion

Share Price Upside Potential: 22.68%

BWX Technologies, Inc. (NYSE:BWXT) is an aerospace and defense company that provides nuclear solutions for global security, environmental protection, clean energy, and space exploration. It is one of the best mid cap stocks to buy right now.

On April 15, the company announced the acquisition of 97 acres of land Horizon Center Industrial Park in Oak Ridge, Tennessee. The move signals BWX Technologies, Inc. (NYSE:BWXT)’s long-term commitment to rebuild domestic uranium enrichment capability and support future defense missions.

This adds to the momentum from earlier in the month, when BWX Technologies, Inc. (NYSE:BWXT) was awarded a contract by the Department of Energy to operate and manage the Strategic Petroleum Reserve for an estimated value of $2.6 billion over 10 years.

In February, BWX Technologies, Inc. (NYSE:BWXT) clinched contracts worth $2.1 billion to manufacture reactor components under the US Naval Nuclear Propulsion Program to support the construction activities of the Ford-class aircraft carriers and the Columbia and Virginia class submarines.

Wall Street analysts are bullish on BWX Technologies, Inc. (NYSE:BWXT) with a consensus Strong Buy rating and an average share price upside potential of 22.68%. On April 1, Seaport Global initiated coverage of the stock with a Buy rating and a price target of $145 per share, citing the company’s unique position in supplying nuclear reactors and fuel for military needs.