NWPX Infrastructure (NASDAQ:NWPX) Reaches New 12-Month High – Time to Buy?

NWPX Infrastructure, Inc. (NASDAQ:NWPX) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $133.80 and last traded at $129.3220, with a volume of 6459 shares trading hands. The stock had previously closed at $128.85.

Analysts Set New Price Targets

Several analysts have issued reports on NWPX shares. DA Davidson upped their price target on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.00.

NWPX Infrastructure Stock Performance

The company has a market capitalization of $1.26 billion, a PE ratio of 30.49, a PEG ratio of 2.36 and a beta of 1.10. The company has a 50 day moving average of $102.52 and a two-hundred day moving average of $80.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.68 and a quick ratio of 2.06.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.40. The company had revenue of $138.25 million for the quarter, compared to analysts’ expectations of $125.10 million. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%. As a group, equities research analysts predict that NWPX Infrastructure, Inc. will post 4.97 earnings per share for the current year.

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, EVP Miles Brittain sold 3,300 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $70.89, for a total transaction of $233,937.00. Following the completion of the transaction, the executive vice president owned 20,006 shares of the company’s stock, valued at approximately $1,418,225.34. This trade represents a 14.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On NWPX Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the business. Wexford Capital LP bought a new position in shares of NWPX Infrastructure during the third quarter valued at approximately $29,000. Simplex Trading LLC increased its stake in shares of NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 320 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of NWPX Infrastructure during the fourth quarter valued at approximately $71,000. Exchange Traded Concepts LLC bought a new position in shares of NWPX Infrastructure during the fourth quarter valued at approximately $78,000. Finally, State of Alaska Department of Revenue increased its stake in shares of NWPX Infrastructure by 141.5% during the fourth quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 754 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

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.