NWPX Infrastructure (NASDAQ:NWPX) Hits New 12-Month High – Time to Buy?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $125.62 and last traded at $125.1450, with a volume of 11434 shares trading hands. The stock had previously closed at $121.16.

Analyst Ratings Changes

Several research firms recently commented on NWPX. DA Davidson lifted their target price on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen upgraded shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $90.00.

NWPX Infrastructure Trading Down 0.8%

The firm’s 50-day moving average is $98.65 and its 200 day moving average is $78.84. The company has a current ratio of 2.68, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 2.17 and a beta of 1.10.

NWPX Infrastructure (NASDAQ:NWPX) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.68 by $0.40. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. The business had revenue of $138.25 million for the quarter, compared to the consensus estimate of $125.10 million. On average, equities analysts predict that NWPX Infrastructure, Inc. will post 4.94 earnings per share for the current fiscal year.

Insider Transactions at NWPX Infrastructure

In other news, Director Amanda Julian sold 3,473 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $71.98, for a total value of $249,986.54. Following the transaction, the director owned 10,417 shares in the company, valued at approximately $749,815.66. The trade was a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Miles Brittain sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $71.01, for a total transaction of $284,040.00. Following the completion of the transaction, the executive vice president owned 23,306 shares in the company, valued at $1,654,959.06. This trade represents a 14.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,273 shares of company stock worth $946,564. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its position in shares of NWPX Infrastructure by 20.2% in the 1st quarter. Bank of America Corp DE now owns 22,705 shares of the industrial products company’s stock worth $1,768,000 after purchasing an additional 3,811 shares during the period. Empowered Funds LLC grew its stake in NWPX Infrastructure by 8.1% during the first quarter. Empowered Funds LLC now owns 55,293 shares of the industrial products company’s stock worth $4,305,000 after purchasing an additional 4,162 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in NWPX Infrastructure during the first quarter worth approximately $201,000. Quantinno Capital Management LP grew its stake in NWPX Infrastructure by 67.3% during the first quarter. Quantinno Capital Management LP now owns 8,941 shares of the industrial products company’s stock worth $696,000 after purchasing an additional 3,596 shares during the period. Finally, Lazard Asset Management LLC grew its stake in NWPX Infrastructure by 21.3% during the first quarter. Lazard Asset Management LLC now owns 84,574 shares of the industrial products company’s stock worth $6,585,000 after purchasing an additional 14,870 shares during the period. 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.