NWPX Infrastructure (NASDAQ:NWPX) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

NWPX Infrastructure, Inc. (NASDAQ:NWPX) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $52.56 and traded as high as $64.09. NWPX Infrastructure shares last traded at $64.01, with a volume of 78,769 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. DA Davidson boosted their price objective on NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen raised NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Northland Capmk upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NWPX Infrastructure in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.00.

NWPX Infrastructure Stock Performance

The company has a 50-day simple moving average of $60.37 and a two-hundred day simple moving average of $52.56. 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 firm has a market cap of $615.14 million, a PE ratio of 17.39, a PEG ratio of 1.52 and a beta of 0.94.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results 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 firm had revenue of $151.07 million during the quarter, compared to analyst estimates of $132.01 million. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%. As a group, equities research analysts forecast that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Insider Activity at NWPX Infrastructure

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

Institutional Trading of NWPX Infrastructure

A number of large investors have recently bought and sold shares of NWPX. Illumine Investment Management LLC lifted its position in shares of NWPX Infrastructure by 1.2% during the 3rd quarter. Illumine Investment Management LLC now owns 18,330 shares of the industrial products company’s stock valued at $970,000 after buying an additional 219 shares during the last quarter. CWM LLC lifted its holdings in NWPX Infrastructure by 75.8% during the third quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 251 shares during the last quarter. Rhumbline Advisers boosted 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 purchasing an additional 367 shares during the period. Byrne Asset Management LLC increased its stake in shares of NWPX Infrastructure by 20.1% in the second quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 482 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of NWPX Infrastructure in the third quarter worth about $28,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.