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

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has been given an average recommendation of “Moderate Buy” by the five brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $110.00.

NWPX has been the topic of a number of recent research reports. Weiss Ratings raised NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective for the company. Finally, Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th.

Hedge Funds Weigh In On NWPX Infrastructure

Several large investors have recently bought and sold shares of the business. State of Wyoming lifted its holdings in NWPX Infrastructure by 4.2% during the 1st quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock worth $380,000 after buying an additional 197 shares during the last quarter. Engineers Gate Manager LP lifted its stake in NWPX Infrastructure by 3.6% during the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 245 shares during the last quarter. Simplex Trading LLC boosted its holdings in 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 in the last quarter. First Trust Advisors LP boosted its holdings in NWPX Infrastructure by 1.1% in the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock valued at $2,392,000 after purchasing an additional 338 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its stake in NWPX Infrastructure by 1.8% in the fourth quarter. Advisors Asset Management Inc. now owns 30,367 shares of the industrial products company’s stock valued at $1,898,000 after purchasing an additional 545 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Stock Performance

NASDAQ NWPX opened at $136.92 on Friday. 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 $1.32 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 2.50 and a beta of 1.07. The firm has a 50 day simple moving average of $120.19 and a 200-day simple moving average of $89.21. NWPX Infrastructure has a one year low of $40.01 and a one year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.40. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. The firm had revenue of $138.25 million for the quarter, compared to the consensus estimate of $125.10 million. Equities research analysts anticipate that NWPX Infrastructure will post 4.97 EPS 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.