Brokerages Set NWPX Infrastructure, Inc. (NASDAQ:NWPX) Price Target at $62.50

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $62.50.

Several brokerages have weighed in on NWPX. Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a research report on Wednesday, October 8th. Finally, DA Davidson upped their price target on NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 31st.

NWPX Infrastructure Price Performance

NWPX stock opened at $64.05 on Friday. NWPX Infrastructure has a 52-week low of $36.97 and a 52-week high of $65.84. The company has a quick ratio of 2.62, a current ratio of 3.60 and a debt-to-equity ratio of 0.10. The stock has a market cap of $615.52 million, a price-to-earnings ratio of 17.40, a price-to-earnings-growth ratio of 1.79 and a beta of 0.94. The business has a fifty day moving average of $59.13 and a two-hundred day moving average of $51.20.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.02 by $0.36. The business had revenue of $151.07 million for the quarter, compared to analyst estimates of $132.01 million. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%. As a group, research analysts anticipate that NWPX Infrastructure will post 3.32 earnings per share for the current year.

Insider Transactions at NWPX Infrastructure

In related news, CFO Aaron Wilkins sold 5,009 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $59.90, for a total transaction of $300,039.10. Following the completion of the transaction, the chief financial officer directly owned 19,753 shares in the company, valued at $1,183,204.70. This trade represents a 20.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Scott J. Montross sold 8,210 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $57.27, for a total transaction of $470,186.70. Following the sale, the chief executive officer owned 68,781 shares in the company, valued at $3,939,087.87. This trade represents a 10.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,001 shares of company stock worth $1,631,008 in the last 90 days. Insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On NWPX Infrastructure

Hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC raised its holdings in NWPX Infrastructure by 374.6% in the first quarter. Cubist Systematic Strategies LLC now owns 22,180 shares of the industrial products company’s stock valued at $916,000 after acquiring an additional 17,507 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of NWPX Infrastructure during the second quarter worth about $2,092,000. AlphaQuest LLC lifted its stake in NWPX Infrastructure by 115.4% in the second quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock valued at $483,000 after buying an additional 6,307 shares during the last quarter. Brandywine Global Investment Management LLC raised its position in NWPX Infrastructure by 17.0% in the 2nd 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 last quarter. Finally, LSV Asset Management purchased a new stake in shares of NWPX Infrastructure in the second quarter valued at about $1,066,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

About NWPX Infrastructure

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.