NWPX Infrastructure, Inc. (NASDAQ:NWPX) Short Interest Update

NWPX Infrastructure, Inc. (NASDAQ:NWPX) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 137,850 shares, a growth of 44.1% from the December 31st total of 95,672 shares. Based on an average daily volume of 70,290 shares, the days-to-cover ratio is currently 2.0 days. Approximately 1.5% of the company’s shares are short sold. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 70,290 shares, the days-to-cover ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. DA Davidson lifted their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wall Street Zen upgraded NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of NWPX Infrastructure in a research note on Thursday, January 22nd. Finally, Northland Securities raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, NWPX Infrastructure has an average rating of “Moderate Buy” and an average target price of $70.00.

NWPX Infrastructure Trading Up 1.9%

NWPX stock opened at $68.75 on Tuesday. NWPX Infrastructure has a 52 week low of $36.97 and a 52 week high of $70.61. The company has a market capitalization of $660.69 million, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.60 and a beta of 0.96. The company’s 50-day simple moving average is $63.91 and its 200 day simple moving average is $56.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.62 and a current ratio of 3.60.

Insider Buying and Selling

In other news, Director Michael C. Franson sold 5,506 shares of the business’s stock in a transaction dated 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 directly owned 18,525 shares in the company, valued at approximately $1,114,649.25. The trade was a 22.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott J. Montross sold 8,210 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were 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 of the company’s stock, valued at approximately $3,939,087.87. This trade represents a 10.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 28,001 shares of company stock worth $1,631,008 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of NWPX Infrastructure

Institutional investors have recently modified their holdings of the stock. CSM Advisors LLC bought a new position in shares of NWPX Infrastructure in the second quarter worth $6,075,000. Allspring Global Investments Holdings LLC acquired a new stake in NWPX Infrastructure during the second quarter worth about $2,092,000. LSV Asset Management increased its holdings in NWPX Infrastructure by 166.9% in the 3rd quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock valued at $3,673,000 after buying an additional 43,398 shares during the period. Legal & General Group Plc increased its holdings in NWPX Infrastructure by 14.4% in the 2nd quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock valued at $13,280,000 after buying an additional 40,751 shares during the period. Finally, Royce & Associates LP raised its position in shares of NWPX Infrastructure by 7.1% in the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after buying an additional 35,768 shares in the last quarter. 80.63% of the stock is currently owned by 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.