NWPX Infrastructure (NASDAQ:NWPX) Hits New 1-Year High – Still a Buy?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $83.30 and last traded at $84.14, with a volume of 35904 shares trading hands. The stock had previously closed at $81.99.

Wall Street Analyst Weigh In

NWPX has been the topic of several analyst reports. Wall Street Zen downgraded shares of NWPX Infrastructure from a “buy” rating to a “hold” rating in a research note on Saturday, April 4th. Zacks Research raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings raised shares of NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, March 24th. Finally, DA Davidson lifted their price target on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat.com, NWPX Infrastructure has an average rating of “Strong Buy” and a consensus target price of $90.00.

NWPX Infrastructure Price Performance

The stock has a market cap of $801.82 million, a PE ratio of 23.32, a P/E/G ratio of 1.71 and a beta of 0.92. The company has a current ratio of 3.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.02. The company’s 50 day moving average is $75.15 and its 200-day moving average is $64.81.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.31. The firm had revenue of $125.64 million for the quarter, compared to the consensus estimate of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. As a group, sell-side analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Insider Activity at NWPX Infrastructure

In other news, CEO Scott J. Montross sold 2,500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,713,396.88. This represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amanda Julian sold 3,473 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $71.98, for a total transaction of $249,986.54. Following the completion of the sale, the director owned 10,417 shares in the company, valued at approximately $749,815.66. This trade represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 20,273 shares of company stock worth $1,490,019. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On NWPX Infrastructure

A number of institutional investors have recently modified their holdings of NWPX. SummerHaven Investment Management LLC bought a new stake in shares of NWPX Infrastructure during the 3rd quarter valued at about $1,053,000. LSV Asset Management grew its position in shares of NWPX Infrastructure by 166.9% during the 3rd quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock valued at $3,673,000 after buying an additional 43,398 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of NWPX Infrastructure by 67.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 85,527 shares of the industrial products company’s stock valued at $4,527,000 after buying an additional 34,526 shares during the last quarter. Ellsworth Advisors LLC bought a new stake in shares of NWPX Infrastructure during the 4th quarter valued at about $1,031,000. Finally, Royce & Associates LP grew its position in shares of NWPX Infrastructure by 7.1% during the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after buying an additional 35,768 shares during the last quarter. 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.