NWPX Infrastructure (NASDAQ:NWPX) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

Equities research analysts at JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure (NASDAQ:NWPX) in a research note issued to investors on Wednesday,Benzinga reports. The firm set a “neutral” rating and a $130.00 price target on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 5.47% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. 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. Wall Street Zen raised NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Weiss Ratings upgraded NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Price Performance

NWPX opened at $123.26 on Wednesday. NWPX Infrastructure has a 1 year low of $38.38 and a 1 year high of $125.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.68 and a quick ratio of 2.06. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 28.80, a P/E/G ratio of 2.23 and a beta of 1.10. The firm’s fifty day moving average price is $99.58 and its two-hundred day moving average price is $79.32.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.40. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. The company had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. As a group, analysts anticipate that NWPX Infrastructure will post 4.94 earnings per share for the current fiscal year.

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.44, for a total transaction of $178,600.00. Following the completion of the transaction, the chief executive officer directly owned 65,977 shares of the company’s stock, valued at approximately $4,713,396.88. This represents a 3.65% decrease in their ownership of the stock. 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 firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $71.01, for a total value of $284,040.00. Following the completion of the sale, the executive vice president directly owned 23,306 shares of the company’s stock, valued at $1,654,959.06. This represents a 14.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 13,273 shares of company stock valued at $946,564. Company insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On NWPX Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of NWPX Infrastructure by 274.8% in the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock valued at $1,193,000 after purchasing an additional 21,179 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in NWPX Infrastructure in the 1st quarter valued at approximately $224,000. Goldman Sachs Group Inc. raised its holdings in NWPX Infrastructure by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock valued at $1,835,000 after acquiring an additional 6,510 shares during the period. Empowered Funds LLC lifted its position in shares of NWPX Infrastructure by 5.6% during the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock worth $1,998,000 after acquiring an additional 2,547 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of NWPX Infrastructure by 3.7% in the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock worth $1,308,000 after acquiring an additional 1,127 shares during the period. Institutional investors 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.