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

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has earned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $110.00.

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target for the company. Finally, Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th.

Insider Activity

In related news, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $118.74, for a total transaction of $296,850.00. Following the transaction, the chief executive officer directly owned 76,129 shares in the company, valued at approximately $9,039,557.46. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith R. Larson sold 1,250 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $115.86, for a total transaction of $144,825.00. Following the transaction, the director owned 21,133 shares in the company, valued at approximately $2,448,469.38. The trade was a 5.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 13,678 shares of company stock worth $1,601,640. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NWPX. Wexford Capital LP purchased a new position in shares of NWPX Infrastructure in the 3rd quarter worth about $29,000. Simplex Trading LLC grew its stake in shares of 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 buying an additional 320 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at about $41,000. State of Wyoming purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at about $60,000. Finally, Kemnay Advisory Services Inc. purchased a new position in NWPX Infrastructure in the 4th quarter worth approximately $71,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

NWPX Infrastructure Price Performance

Shares of NASDAQ:NWPX opened at $112.03 on Monday. The company has a 50-day simple moving average of $128.04 and a 200-day simple moving average of $105.67. NWPX Infrastructure has a one year low of $49.25 and a one year 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 stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.88 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (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 firm had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. On average, analysts predict that NWPX Infrastructure will post 5.43 EPS for the current 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.