NWPX Infrastructure, Inc. (NASDAQ:NWPX) Receives Average Rating of “Moderate Buy” from Analysts

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has been given an average recommendation of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $62.50.

Several brokerages have commented on NWPX. Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. DA Davidson raised their target price on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th.

NWPX Infrastructure Trading Up 1.6%

Shares of NWPX stock opened at $64.14 on Friday. NWPX Infrastructure has a 1 year low of $36.97 and a 1 year high of $65.84. The firm has a market capitalization of $616.39 million, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The stock has a fifty day moving average of $57.85 and a two-hundred day moving average of $50.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.62 and a current ratio of 3.60.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.36. The business had revenue of $151.07 million during the quarter, compared to the consensus estimate of $132.01 million. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.65%. As a group, research analysts expect that NWPX Infrastructure will post 3.32 EPS for the current year.

Insider Activity

In other NWPX Infrastructure news, CEO Scott J. Montross sold 8,210 shares of the firm’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $57.27, for a total transaction of $470,186.70. Following the completion of the sale, the chief executive officer directly owned 68,781 shares in the company, valued at approximately $3,939,087.87. This trade represents a 10.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Aaron Wilkins sold 1,241 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $60.10, for a total transaction of $74,584.10. Following the completion of the transaction, the chief financial officer owned 18,512 shares in the company, valued at approximately $1,112,571.20. This represents a 6.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,001 shares of company stock worth $1,631,008 in the last quarter. Insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On NWPX Infrastructure

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Illumine Investment Management LLC lifted its holdings in NWPX Infrastructure by 1.2% in the 3rd quarter. Illumine Investment Management LLC now owns 18,330 shares of the industrial products company’s stock worth $970,000 after purchasing an additional 219 shares during the last quarter. CWM LLC grew its holdings in NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after buying an additional 251 shares during the last quarter. Rhumbline Advisers increased its position in NWPX Infrastructure by 2.6% during the third quarter. Rhumbline Advisers now owns 14,547 shares of the industrial products company’s stock worth $770,000 after acquiring an additional 367 shares during the period. Byrne Asset Management LLC boosted its holdings in NWPX Infrastructure by 20.1% in the 2nd quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 482 shares during the period. Finally, State of Alaska Department of Revenue acquired a new stake in NWPX Infrastructure in the 3rd quarter worth $28,000. Institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Company Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.