NWPX Infrastructure (NASDAQ:NWPX) Hits New 12-Month High – What’s Next?

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $70.99 and last traded at $69.1820, with a volume of 51863 shares trading hands. The stock had previously closed at $68.75.

Analyst Ratings Changes

Several equities analysts recently weighed in on NWPX shares. Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a research report on Thursday, January 22nd. DA Davidson upped their price target on NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Northland Securities upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, NWPX Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

NWPX Infrastructure Stock Up 0.3%

The stock has a market capitalization of $662.85 million, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 1.60 and a beta of 0.96. The firm has a 50 day simple moving average of $63.91 and a 200-day simple moving average of $56.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62.

Insiders Place Their Bets

In other news, Director Michael C. Franson sold 5,506 shares of the stock in a transaction that occurred 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 sale, the director directly owned 18,525 shares of the company’s stock, valued at $1,114,649.25. This represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Miles Brittain sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $56.41, for a total transaction of $225,640.00. Following the completion of the sale, the executive vice president directly owned 25,725 shares of the company’s stock, valued at approximately $1,451,147.25. This represents a 13.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 28,001 shares of company stock valued at $1,631,008. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On NWPX Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of NWPX. AlphaQuest LLC boosted its stake in NWPX Infrastructure by 115.4% during the second quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock worth $483,000 after acquiring an additional 6,307 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of NWPX Infrastructure during the second quarter valued at about $2,092,000. Brandywine Global Investment Management LLC raised its holdings in shares of NWPX Infrastructure by 17.0% during the second quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company’s stock valued at $1,740,000 after purchasing an additional 6,180 shares during the period. LSV Asset Management bought a new position in shares of NWPX Infrastructure during the 2nd quarter worth about $1,066,000. Finally, Geode Capital Management LLC grew its stake in shares of NWPX Infrastructure by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock valued at $9,870,000 after buying an additional 11,342 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.