NWPX Infrastructure (NASDAQ:NWPX) Stock Price Expected to Rise, DA Davidson Analyst Says

NWPX Infrastructure (NASDAQ:NWPX) had its price objective boosted by investment analysts at DA Davidson from $70.00 to $90.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the industrial products company’s stock. DA Davidson’s target price points to a potential upside of 11.17% from the company’s previous close.

Several other research analysts have also recently issued reports on the stock. Wall Street Zen raised shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings cut NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $90.00.

NWPX Infrastructure Stock Performance

Shares of NWPX opened at $80.96 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.62 and a current ratio of 3.60. The stock has a 50-day moving average of $69.70 and a two-hundred day moving average of $60.48. The stock has a market cap of $774.79 million, a P/E ratio of 22.55, a P/E/G ratio of 1.76 and a beta of 0.92. NWPX Infrastructure has a one year low of $36.97 and a one year high of $83.12.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a return on equity of 9.35% and a net margin of 6.73%.The firm had revenue of $125.64 million during the quarter, compared to analysts’ expectations of $122.00 million. As a group, research analysts predict that NWPX Infrastructure will post 3.32 EPS for the current year.

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, Director Michael C. Franson sold 5,506 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $60.17, for a total transaction of $331,296.02. Following the completion of the transaction, the director owned 18,525 shares of the company’s stock, valued at $1,114,649.25. This represents a 22.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aaron Wilkins sold 1,241 shares of the firm’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 value 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 trade represents a 6.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,791 shares of company stock valued at $708,142 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Illumine Investment Management LLC raised its position in shares of NWPX Infrastructure by 1.2% in the third 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. Engineers Gate Manager LP increased its holdings in shares of NWPX Infrastructure by 3.6% in the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock valued at $443,000 after purchasing an additional 245 shares during the last quarter. CWM LLC lifted its position in NWPX Infrastructure by 75.8% during the third quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after buying an additional 251 shares in the last quarter. Simplex Trading LLC boosted its stake in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after buying an additional 320 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of NWPX Infrastructure by 2.6% in the 3rd 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 last quarter. Hedge funds and other institutional investors 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.