NWPX Infrastructure, Inc. (NASDAQ:NWPX) Given Consensus Rating of “Moderate Buy” by Brokerages

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $110.00.

Several analysts recently commented on the company. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target for the company. Zacks Research lowered NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note 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, June 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of NWPX. AQR Capital Management LLC lifted its holdings in shares of NWPX Infrastructure by 274.8% in the 1st quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock worth $1,193,000 after acquiring an additional 21,179 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in NWPX Infrastructure during the first quarter worth $224,000. Goldman Sachs Group Inc. boosted its position in shares of NWPX Infrastructure by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock worth $1,835,000 after buying an additional 6,510 shares during the period. Empowered Funds LLC boosted its position in shares of NWPX Infrastructure by 5.6% during the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock worth $1,998,000 after buying an additional 2,547 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of NWPX Infrastructure by 3.7% in the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock valued at $1,308,000 after buying an additional 1,127 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

NWPX Infrastructure Price Performance

NWPX opened at $136.92 on Friday. The company has a market cap of $1.32 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 2.50 and a beta of 1.07. NWPX Infrastructure has a twelve month low of $40.01 and a twelve month high of $152.03. The company has a 50-day moving average price of $120.19 and a 200 day moving average price of $89.21. The company has a quick ratio of 2.06, a current ratio of 2.68 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.40. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%.The company had revenue of $138.25 million for the quarter, compared to analysts’ expectations of $125.10 million. Sell-side analysts expect that NWPX Infrastructure will post 4.97 earnings per share for the current fiscal year.

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.