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

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

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective for the company. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. 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, Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th.

NWPX Infrastructure Trading Down 2.4%

NASDAQ:NWPX opened at $123.21 on Thursday. NWPX Infrastructure has a 52 week low of $40.01 and a 52 week high of $152.03. The firm has a 50 day moving average of $131.13 and a 200 day moving average of $98.29. The company has a quick ratio of 2.06, a current ratio of 2.68 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 2.31 and a beta of 1.07.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.29. The business had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. As a group, sell-side analysts anticipate that NWPX Infrastructure will post 4.97 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NWPX Infrastructure

Several hedge funds have recently made changes to their positions in NWPX. Wexford Capital LP purchased a new position in NWPX Infrastructure in the 3rd quarter worth $29,000. Simplex Trading LLC increased its holdings in shares of NWPX Infrastructure by 193.9% in 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 during the period. Kemnay Advisory Services Inc. purchased a new position in shares of NWPX Infrastructure in the fourth quarter worth about $71,000. Exchange Traded Concepts LLC purchased a new position in shares of NWPX Infrastructure in the fourth quarter worth about $78,000. Finally, State of Alaska Department of Revenue lifted its holdings 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 worth $80,000 after purchasing an additional 754 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

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.