NWPX Infrastructure (NASDAQ:NWPX) Downgraded to “Hold” Rating by Wall Street Zen

NWPX Infrastructure (NASDAQ:NWPX) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

NWPX has been the subject of several other reports. DA Davidson boosted their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Zacks Research raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings upgraded NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, NWPX Infrastructure presently has an average rating of “Strong Buy” and an average target price of $90.00.

NWPX Infrastructure Price Performance

NASDAQ:NWPX opened at $79.68 on Friday. NWPX Infrastructure has a 12-month low of $36.97 and a 12-month high of $83.12. The firm has a market cap of $762.86 million, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92. The company’s 50-day moving average is $74.37 and its two-hundred day moving average is $64.16. The company has a current ratio of 3.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.31. The business had revenue of $125.64 million during the quarter, compared to the consensus estimate of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. Research analysts expect that NWPX Infrastructure will post 3.32 EPS for the current year.

Insider Activity at NWPX Infrastructure

In other news, Director Amanda Julian sold 3,473 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $71.98, for a total transaction of $249,986.54. Following the completion of the sale, the director directly owned 10,417 shares of the company’s stock, valued at $749,815.66. The trade was a 25.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $71.44, for a total value of $178,600.00. Following the completion of the transaction, the chief executive officer directly owned 65,977 shares in the company, valued at $4,713,396.88. This represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,273 shares of company stock worth $1,490,019 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On NWPX Infrastructure

Several large investors have recently made changes to their positions in the business. Simplex Trading LLC lifted its holdings in shares of NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 320 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in NWPX Infrastructure in the 3rd quarter valued at $28,000. Wexford Capital LP acquired a new stake in NWPX Infrastructure in the 3rd quarter valued at $29,000. CWM LLC raised its position in NWPX Infrastructure by 75.8% in 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 period. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of NWPX Infrastructure during the fourth quarter worth about $71,000. Institutional investors and hedge funds 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.