NWPX Infrastructure, Inc. (NASDAQ:NWPX) Receives $110.00 Consensus Price Target from Analysts

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has earned an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $110.00.

A number of research analysts recently commented on NWPX shares. Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target for the company.

NWPX Infrastructure Trading Down 2.1%

Shares of NWPX opened at $124.24 on Thursday. The business’s 50-day moving average price is $132.24 and its 200 day moving average price is $100.33. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.20 billion, a P/E ratio of 24.90, a P/E/G ratio of 2.13 and a beta of 1.09. NWPX Infrastructure has a 1-year low of $41.57 and a 1-year high of $152.03.

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

Insider Transactions at NWPX Infrastructure

In other news, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $128.62, for a total value of $321,550.00. Following the completion of the transaction, the chief executive officer owned 78,629 shares in the company, valued at approximately $10,113,261.98. This represents a 3.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 3.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On NWPX Infrastructure

Institutional investors have recently modified their holdings of the business. Wexford Capital LP acquired a new position in NWPX Infrastructure during the third quarter worth $29,000. Simplex Trading LLC lifted its position in NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after buying an additional 320 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in NWPX Infrastructure during the 4th quarter worth about $71,000. Exchange Traded Concepts LLC acquired a new position in shares of NWPX Infrastructure during the 4th quarter worth about $78,000. Finally, State of Alaska Department of Revenue grew its holdings in shares of NWPX Infrastructure by 141.5% in the 4th quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock valued at $80,000 after acquiring an additional 754 shares in the last quarter. 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.