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Keeley Funds Comments on BWX Technologies

- By Holly LaFon

BWX Technologies (BWXT - $49.58 - NYSE) (NYSE:BWXT) provides nuclear components and products to the U.S. Navy and Canadian nuclear power markets along with environmental site restoration services.The company reported very good quarterly results which was welcomed as the past couple of quarters were disappointing due to welding issues. It appears that these issues are behind them and the focus will shift back to one of the more attractive parts of the business being the sole supplier of nuclear components to the U.S. Navy. is should start accelerating over the next couple of years as the Navy starts to rebuild its fleet.


From Keeley Funds' first-quarter 2019 Keeley Mid-Cap Dividend Value Fund commentary.

This article first appeared on GuruFocus.