NWPX Infrastructure, Inc. (NASDAQ:NWPX) Stock Has Average Price Target of $110.00 According to Brokerages

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $110.00.

Separately, Weiss Ratings downgraded NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd.

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, Director Richard Roman sold 4,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $96.84, for a total transaction of $387,360.00. Following the sale, the director directly owned 25,340 shares of the company’s stock, valued at $2,453,925.60. This represents a 13.63% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Eric Stokes sold 12,631 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $105.86, for a total transaction of $1,337,117.66. Following the transaction, the senior vice president owned 12,643 shares of the company’s stock, valued at $1,338,387.98. This represents a 49.98% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 58,335 shares of company stock valued at $6,259,631. 3.30% of the stock is currently owned by insiders.

Institutional Trading of NWPX Infrastructure

A number of institutional investors have recently modified their holdings of NWPX. Meeder Asset Management Inc. purchased a new position in NWPX Infrastructure in the 2nd quarter valued at approximately $41,000. State of Wyoming bought a new stake in NWPX Infrastructure during the 2nd quarter valued at $98,000. Central Pacific Bank Trust Division bought a new stake in NWPX Infrastructure during the 2nd quarter valued at $156,000. Quantbot Technologies LP bought a new stake in NWPX Infrastructure during the 2nd quarter valued at $197,000. Finally, Post Resch Tallon Group Inc. purchased a new stake in shares of NWPX Infrastructure during the second quarter worth $202,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

NWPX Infrastructure Price Performance

NWPX Infrastructure stock opened at $97.61 on Tuesday. NWPX Infrastructure has a 52 week low of $50.76 and a 52 week high of $152.03. The company’s 50 day moving average price is $106.36 and its two-hundred day moving average price is $112.35. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The stock has a market cap of $940.96 million, a P/E ratio of 19.56, a P/E/G ratio of 1.64 and a beta of 1.08.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. The firm had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. On average, equities analysts predict that NWPX Infrastructure will post 5.43 earnings per share for the current year.

NWPX Infrastructure Company Profile

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.