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

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

Several brokerages have commented on NWPX. Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. DA Davidson lifted their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th.

NWPX Infrastructure Price Performance

Shares of NWPX Infrastructure stock opened at $132.26 on Wednesday. The company has a current ratio of 2.68, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $104.60 and its two-hundred day moving average price is $81.86. NWPX Infrastructure has a 52 week low of $38.38 and a 52 week high of $133.99. The stock has a market cap of $1.27 billion, a PE ratio of 30.90, a price-to-earnings-growth ratio of 2.40 and a beta of 1.10.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 EPS 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 company had revenue of $138.25 million during the quarter, compared to analysts’ expectations of $125.10 million. As a group, sell-side analysts anticipate that NWPX Infrastructure will post 4.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other NWPX Infrastructure news, EVP Miles Brittain sold 3,300 shares of NWPX Infrastructure stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $70.89, for a total transaction of $233,937.00. Following the transaction, the executive vice president owned 20,006 shares of the company’s stock, valued at $1,418,225.34. The trade was a 14.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NWPX Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the business. LSV Asset Management grew its stake in shares of NWPX Infrastructure by 106.9% in the 4th 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 in the last quarter. Franklin Resources Inc. grew its stake in shares of NWPX Infrastructure by 527.6% in the 4th quarter. Franklin Resources Inc. now owns 70,923 shares of the industrial products company’s stock valued at $4,432,000 after buying an additional 59,623 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of NWPX Infrastructure in the 1st quarter valued at approximately $4,609,000. Congruence Capital LLC bought a new stake in shares of NWPX Infrastructure in the 4th quarter valued at approximately $3,508,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of NWPX Infrastructure in the 1st quarter valued at approximately $3,339,000. Hedge funds and other 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.