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

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

Analyst Ratings Changes

NWPX has been the subject of several analyst reports. 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. JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target for the company. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday. DA Davidson upped their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.68. The firm has a market cap of $1.26 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.36 and a beta of 1.10. The business’s 50-day simple moving average is $102.52 and its 200 day simple moving average is $80.82.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On NWPX Infrastructure

A number of large investors have recently added to or reduced their stakes in the stock. LSV Asset Management increased its holdings in NWPX Infrastructure by 106.9% during the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock valued at $8,971,000 after buying an additional 74,158 shares during the last quarter. Franklin Resources Inc. grew its position in shares of NWPX Infrastructure by 527.6% during the 4th quarter. Franklin Resources Inc. now owns 70,923 shares of the industrial products company’s stock valued at $4,432,000 after acquiring an additional 59,623 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of NWPX Infrastructure during the 1st quarter valued at $4,609,000. Congruence Capital LLC bought a new stake in shares of NWPX Infrastructure during the 4th quarter valued at $3,508,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of NWPX Infrastructure during the 1st quarter valued at $3,339,000. 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.