NWPX Infrastructure (NASDAQ:NWPX) Releases Earnings Results, Beats Expectations By $0.29 EPS

NWPX Infrastructure (NASDAQ:NWPX) issued its quarterly earnings results on Wednesday. The industrial products company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.33 by $0.29, FiscalAI reports. The business had revenue of $159.48 million for the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%.

NWPX Infrastructure Stock Down 0.2%

Shares of NWPX Infrastructure stock opened at $122.93 on Thursday. The company has a current ratio of 2.68, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02. The business’s 50 day simple moving average is $131.13 and its 200-day simple moving average is $98.29. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.31 and a beta of 1.07. NWPX Infrastructure has a twelve month low of $40.01 and a twelve month high of $152.03.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings upgraded NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, NWPX Infrastructure currently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NWPX. Engineers Gate Manager LP lifted its stake in NWPX Infrastructure by 3.6% in the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock valued at $443,000 after buying an additional 245 shares during the last quarter. Simplex Trading LLC increased its holdings in shares of NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 320 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of NWPX Infrastructure by 1.8% in the 4th quarter. Advisors Asset Management Inc. now owns 30,367 shares of the industrial products company’s stock worth $1,898,000 after acquiring an additional 545 shares during the period. Wexford Capital LP bought a new stake in NWPX Infrastructure in the 3rd quarter valued at about $29,000. Finally, First Trust Advisors LP lifted its position in NWPX Infrastructure by 2.0% in the 4th quarter. First Trust Advisors LP now owns 30,390 shares of the industrial products company’s stock valued at $1,899,000 after purchasing an additional 600 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.

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.