NWPX Infrastructure, Inc. (NASDAQ:NWPX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $110.00.

NWPX has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research note on Wednesday. They issued a “neutral” rating and a $130.00 price target on the stock. Wall Street Zen raised shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, DA Davidson lifted their price target on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd.

NWPX Infrastructure Stock Performance

Shares of NWPX opened at $123.26 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.68. NWPX Infrastructure has a twelve month low of $38.38 and a twelve month high of $125.62. The firm’s 50 day moving average price is $99.58 and its two-hundred day moving average price is $79.32. The firm has a market cap of $1.19 billion, a P/E ratio of 28.80, a PEG ratio of 2.23 and a beta of 1.10.

NWPX Infrastructure (NASDAQ:NWPX) last announced 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 firm had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. On average, analysts forecast that NWPX Infrastructure will post 4.94 EPS for the current fiscal year.

Insider Transactions at NWPX Infrastructure

In other news, CEO Scott J. Montross sold 2,500 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $71.44, for a total value of $178,600.00. Following the sale, the chief executive officer owned 65,977 shares of the company’s stock, valued at $4,713,396.88. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Amanda Julian sold 3,473 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.98, for a total transaction of $249,986.54. Following the completion of the sale, the director directly owned 10,417 shares in the company, valued at approximately $749,815.66. This represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,273 shares of company stock valued at $946,564 over the last 90 days. 3.30% of the stock is owned by corporate insiders.

Institutional Trading of NWPX Infrastructure

Institutional investors have recently made changes to their positions in the business. Wexford Capital LP bought a new stake in shares of NWPX Infrastructure in the third quarter worth $29,000. Simplex Trading LLC lifted its position in shares of NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 320 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of NWPX Infrastructure in the fourth quarter worth $71,000. Exchange Traded Concepts LLC bought a new stake in shares of NWPX Infrastructure in the fourth quarter worth $78,000. Finally, State of Alaska Department of Revenue lifted its position in shares of NWPX Infrastructure by 141.5% in the fourth quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 754 shares in the last quarter. 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.