NWPX Infrastructure (NASDAQ:NWPX) Shares Gap Up Following Analyst Upgrade

NWPX Infrastructure, Inc. (NASDAQ:NWPX) shares gapped up before the market opened on Tuesday after DA Davidson raised their price target on the stock from $70.00 to $90.00. The stock had previously closed at $77.60, but opened at $80.40. DA Davidson currently has a buy rating on the stock. NWPX Infrastructure shares last traded at $78.7310, with a volume of 9,830 shares traded.

NWPX has been the topic of several other reports. Wall Street Zen raised NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings cut shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. One 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 company’s stock. Based on data from MarketBeat, NWPX Infrastructure presently has a consensus rating of “Buy” and an average price target of $90.00.

Insider Activity at NWPX Infrastructure

In other NWPX Infrastructure news, Director Michael C. Franson sold 5,506 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were 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. This represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Aaron Wilkins sold 5,009 shares of NWPX Infrastructure stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $59.90, for a total transaction of $300,039.10. Following the completion of the sale, the chief financial officer owned 19,753 shares in the company, valued at approximately $1,183,204.70. This trade represents a 20.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,791 shares of company stock valued at $708,142. Corporate insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On NWPX Infrastructure

Institutional investors have recently bought and sold shares of the company. Simplex Trading LLC raised its holdings in shares of NWPX Infrastructure by 193.9% during the fourth 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 during the last quarter. State of Alaska Department of Revenue acquired a new position in NWPX Infrastructure in the 3rd quarter valued at $28,000. Wexford Capital LP acquired a new position in NWPX Infrastructure in the 3rd quarter valued at $29,000. CWM LLC lifted its holdings in NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 251 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new stake in NWPX Infrastructure during the 4th quarter worth $71,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

NWPX Infrastructure Price Performance

The firm has a market cap of $774.79 million, a PE ratio of 22.55, a price-to-earnings-growth ratio of 1.76 and a beta of 0.92. The stock’s fifty day moving average price is $69.70 and its 200-day moving average price is $60.48. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62.

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

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.