** Shares of nuclear components maker BWX Technologies BWXT.N down 0.9% at $198.64 early Weds as it looks to raise capital

** Lynchburg, Virginia-based BWXT early Weds announces private offering of $1 bln 5-year convertible bonds

** Co intends to use net proceeds to fully repay debt under credit facility, remainder for general corporate purposes

** It also plans to use portion of proceeds to pay cost of entering into capped calls, derivative transactions employed to help offset potential dilution

** Upon closing of the offering, BWXT expects to enter into a new five-year $1.25 bln senior secured revolving credit facility

** Co has roughly $18.2 bln market cap

** BWXT shares on Tues fell about 7% amid a broader Wall Street pullback after co reported Q3 rev up 29% y/y to $866.3 mln and adj EPS of $1.00, topping LSEG estimates of $790.9 mln/$0.86

** Northland Capital Markets, which rates BWXT 'outperform', boosted its PT by $20 to $225

** While co's preliminary 2026 outlook is positive overall, margins are implied lower due to government specialty materials contracts that contain customer-funded infrastructure buildout, Northland said

** Despite the move on the session, BWXT shares up 78% YTD. Stock hit record intraday high of $218.50 last Thurs

** 8 of 11 brokerages rate BWXT "strong buy" or "buy", 3 rate "hold"; median PT is $200, LSEG data reflects

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))