NWPX Infrastructure (NASDAQ:NWPX) Upgraded by Wall Street Zen to “Strong-Buy” Rating

NWPX Infrastructure (NASDAQ:NWPXGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other research analysts have also issued reports on NWPX. DA Davidson boosted their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings cut NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Finally, Northland Securities raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, NWPX Infrastructure presently has an average rating of “Buy” and an average price target of $70.00.

Read Our Latest Stock Report on NWPX Infrastructure

NWPX Infrastructure Trading Down 5.0%

NASDAQ:NWPX opened at $77.60 on Friday. NWPX Infrastructure has a 12-month low of $36.97 and a 12-month high of $82.76. The company has a current ratio of 3.60, a quick ratio of 2.62 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $69.01 and its 200-day simple moving average is $59.96. The firm has a market cap of $745.74 million, a P/E ratio of 21.62, a PEG ratio of 1.93 and a beta of 0.96.

NWPX Infrastructure (NASDAQ:NWPXGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.31. The firm had revenue of $125.64 million for the quarter, compared to analyst estimates of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.35%. Equities analysts anticipate that NWPX Infrastructure will post 3.32 EPS for the current year.

Insider Transactions at NWPX Infrastructure

In related news, CFO Aaron Wilkins sold 5,009 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $59.90, for a total value of $300,039.10. Following the completion of the transaction, the chief financial officer directly owned 19,753 shares of the company’s stock, valued at $1,183,204.70. This trade represents a 20.23% decrease in their position. 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 on 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 of the company’s stock, valued at approximately $1,114,649.25. This represents a 22.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 11,791 shares of company stock valued at $708,142. 3.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Simplex Trading LLC raised its stake 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 worth $30,000 after buying an additional 320 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in NWPX Infrastructure during the 3rd quarter valued at about $28,000. Wexford Capital LP acquired a new position in NWPX Infrastructure during the third quarter worth about $29,000. CWM LLC raised 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 acquiring an additional 251 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of NWPX Infrastructure in the fourth quarter valued at about $71,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Key Stories Impacting NWPX Infrastructure

Here are the key news stories impacting NWPX Infrastructure this week:

About NWPX Infrastructure

(Get Free Report)

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.

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