NWPX Infrastructure (NASDAQ:NWPX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $50.33 and traded as high as $64.16. NWPX Infrastructure shares last traded at $64.14, with a volume of 172,448 shares changing hands.

Analysts Set New Price Targets

NWPX has been the topic of several research analyst reports. DA Davidson raised their price objective on NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of NWPX Infrastructure in a research note on Wednesday, October 8th. Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-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. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $62.50.

NWPX Infrastructure Stock Up 1.6%

The stock has a market capitalization of $616.39 million, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.74 and a beta of 0.94. The company has a quick ratio of 2.62, a current ratio of 3.60 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $57.85 and a 200 day moving average price of $50.33.

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

Insider Buying and Selling at NWPX Infrastructure

In related news, CEO Scott J. Montross sold 8,210 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $57.27, for a total value of $470,186.70. Following the completion of the sale, the chief executive officer directly owned 68,781 shares in the company, valued at $3,939,087.87. This represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael C. Franson sold 5,506 shares of NWPX Infrastructure stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $60.17, for a total value of $331,296.02. Following the transaction, the director directly owned 18,525 shares in the company, valued at $1,114,649.25. The trade was a 22.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 28,001 shares of company stock valued at $1,631,008. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On NWPX Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in NWPX. State of Alaska Department of Revenue acquired a new position in shares of NWPX Infrastructure in the third quarter worth approximately $28,000. Wexford Capital LP bought a new position in NWPX Infrastructure during the 3rd quarter worth approximately $29,000. CWM LLC raised its holdings in NWPX Infrastructure by 75.8% during the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 251 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of NWPX Infrastructure in the 3rd quarter worth approximately $128,000. Finally, Byrne Asset Management LLC increased its position in shares of NWPX Infrastructure by 20.1% during the second quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock worth $118,000 after buying an additional 482 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

About NWPX Infrastructure

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.