Short Interest in NWPX Infrastructure, Inc. (NASDAQ:NWPX) Grows By 79.5%

NWPX Infrastructure, Inc. (NASDAQ:NWPX) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 239,594 shares, a growth of 79.5% from the April 15th total of 133,446 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily trading volume, of 182,415 shares, the short-interest ratio is currently 1.3 days.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. DA Davidson increased their target price 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. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Finally, Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, NWPX Infrastructure has an average rating of “Buy” and a consensus target price of $90.00.

Insider Activity at NWPX Infrastructure

In related news, EVP Miles Brittain sold 4,000 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $71.01, for a total value of $284,040.00. Following the transaction, the executive vice president directly owned 23,306 shares of the company’s stock, valued at $1,654,959.06. This trade represents a 14.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $71.44, for a total transaction of $178,600.00. Following the completion of the transaction, the chief executive officer directly owned 65,977 shares in the company, valued at $4,713,396.88. This trade represents a 3.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 20,273 shares of company stock valued at $1,490,019. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of NWPX Infrastructure

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in NWPX Infrastructure by 2.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company’s stock worth $30,453,000 after purchasing an additional 12,272 shares during the period. Royce & Associates LP lifted its stake in shares of NWPX Infrastructure by 7.1% in the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock worth $28,433,000 after acquiring an additional 35,768 shares during the period. Legal & General Group Plc lifted its stake in shares of NWPX Infrastructure by 3.3% in the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock worth $12,560,000 after acquiring an additional 6,440 shares during the period. LSV Asset Management lifted its stake in shares of NWPX Infrastructure by 106.9% in the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after acquiring an additional 74,158 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in shares of NWPX Infrastructure by 4.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 102,946 shares of the industrial products company’s stock worth $4,222,000 after acquiring an additional 4,577 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

Shares of NASDAQ:NWPX opened at $110.80 on Monday. The stock has a market cap of $1.07 billion, a P/E ratio of 25.89, a P/E/G ratio of 2.04 and a beta of 1.06. The firm has a fifty day moving average price of $85.36 and a 200 day moving average price of $72.35. 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 has a 1-year low of $37.99 and a 1-year high of $114.27.

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 analysts’ consensus estimates of $0.68 by $0.40. The firm had revenue of $138.25 million during the quarter, compared to analysts’ expectations of $125.10 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. Sell-side analysts predict that NWPX Infrastructure will post 4.94 EPS for the current year.

NWPX Infrastructure Company Profile

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.