NWPX Infrastructure, Inc. (NASDAQ:NWPX) Receives $62.50 Consensus Price Target from Brokerages

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) have earned a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $62.50.

Several research firms have weighed in on NWPX. Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a research note on Wednesday, October 8th. DA Davidson increased their target price on NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Northland Capmk upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st.

Insider Activity

In other NWPX Infrastructure news, EVP Miles Brittain sold 4,000 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $56.41, for a total transaction of $225,640.00. Following the completion of the sale, the executive vice president owned 25,725 shares of the company’s stock, valued at $1,451,147.25. This represents a 13.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael C. Franson sold 5,506 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $60.17, for a total transaction of $331,296.02. Following the transaction, the director directly owned 18,525 shares of the company’s stock, valued at approximately $1,114,649.25. This trade represents a 22.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 28,001 shares of company stock valued at $1,631,008. 3.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NWPX Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in shares of NWPX Infrastructure during the third quarter valued at approximately $28,000. Wexford Capital LP purchased a new position in NWPX Infrastructure during the 3rd quarter valued at $29,000. CWM LLC increased its position in NWPX Infrastructure by 75.8% during the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 251 shares during the period. Byrne Asset Management LLC raised its holdings in NWPX Infrastructure by 20.1% in the 2nd quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 482 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of NWPX Infrastructure in the 3rd quarter worth about $128,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Stock Up 0.0%

Shares of NWPX opened at $64.15 on Friday. NWPX Infrastructure has a 1 year low of $36.97 and a 1 year high of $65.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62. The stock has a 50 day simple moving average of $58.13 and a two-hundred day simple moving average of $50.66. The firm has a market cap of $616.48 million, a P/E ratio of 17.43, a P/E/G ratio of 1.77 and a beta of 0.94.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.02 by $0.36. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.65%. The firm had revenue of $151.07 million for the quarter, compared to the consensus estimate of $132.01 million. On average, analysts forecast that NWPX Infrastructure will post 3.32 earnings per share for the current fiscal year.

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.