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

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has been given an average recommendation of “Moderate Buy” by the five research firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $110.00.

Several equities research analysts recently issued reports on NWPX shares. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th.

Insider Activity at NWPX Infrastructure

In related news, Director Richard Roman sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $105.72, for a total value of $422,880.00. Following the completion of the transaction, the director owned 30,340 shares of the company’s stock, valued at approximately $3,207,544.80. This represents a 11.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 1,500 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $106.52, for a total value of $159,780.00. Following the completion of the sale, the chief financial officer owned 24,398 shares of the company’s stock, valued at $2,598,874.96. The trade was a 5.79% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,101 shares of company stock worth $3,129,280 in the last 90 days. Company insiders own 3.30% of the company’s stock.

Institutional Trading of NWPX Infrastructure

Several institutional investors have recently made changes to their positions in NWPX. Meeder Asset Management Inc. bought a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $41,000. State of Wyoming bought a new position in NWPX Infrastructure in the 2nd quarter worth approximately $98,000. Central Pacific Bank Trust Division purchased a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $156,000. Quantbot Technologies LP purchased a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $197,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of NWPX Infrastructure during the first quarter valued at approximately $201,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

NASDAQ NWPX opened at $101.34 on Friday. The business’s fifty day moving average is $114.77 and its 200 day moving average is $109.53. NWPX Infrastructure has a fifty-two week low of $49.25 and a fifty-two week high of $152.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The company has a market capitalization of $976.92 million, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09.

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

NWPX Infrastructure Company Profile

NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.

Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.