NWPX Infrastructure, Inc. (NASDAQ:NWPX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $110.00.

A number of equities analysts have commented on NWPX shares. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective for the company. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th.

NWPX Infrastructure Stock Performance

Shares of NWPX stock opened at $110.08 on Monday. The company has a market capitalization of $1.06 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $130.46 and its two-hundred day moving average is $104.26. NWPX Infrastructure has a twelve month low of $49.25 and a twelve month high of $152.03.

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

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $118.74, for a total value of $296,850.00. Following the completion of the transaction, the chief executive officer owned 76,129 shares in the company, valued at approximately $9,039,557.46. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $120.00, for a total value of $51,360.00. Following the completion of the transaction, the chief financial officer owned 25,898 shares of the company’s stock, valued at $3,107,760. The trade was a 1.63% 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. In the last three months, insiders sold 9,178 shares of company stock valued at $1,102,410. Corporate insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On NWPX Infrastructure

A number of large investors have recently made changes to their positions in the stock. California State Teachers Retirement System lifted its stake in shares of NWPX Infrastructure by 3,765.6% in the second quarter. California State Teachers Retirement System now owns 19,792 shares of the industrial products company’s stock valued at $2,968,000 after purchasing an additional 19,280 shares during the period. Concurrent Investment Advisors LLC purchased a new position in NWPX Infrastructure in the second quarter valued at about $3,063,000. Susquehanna Fundamental Investments LLC increased its holdings in NWPX Infrastructure by 61.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 9,734 shares of the industrial products company’s stock valued at $1,460,000 after buying an additional 3,694 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at approximately $5,378,000. Finally, Empowered Funds LLC acquired a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at approximately $6,997,000. Hedge funds and other 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.