Wall Street Zen Downgrades NWPX Infrastructure (NASDAQ:NWPX) to Buy

NWPX Infrastructure (NASDAQ:NWPX) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other brokerages have also recently issued reports on NWPX. DA Davidson increased their price objective on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings lowered NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Finally, Zacks Research upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $90.00.

NWPX Infrastructure Trading Down 0.9%

Shares of NWPX opened at $74.64 on Friday. The firm has a market capitalization of $714.30 million, a price-to-earnings ratio of 20.79, a PEG ratio of 1.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.78 and a quick ratio of 2.66. NWPX Infrastructure has a 1-year low of $36.97 and a 1-year high of $83.12. The company has a 50-day moving average of $70.77 and a 200 day moving average of $61.22.

NWPX Infrastructure (NASDAQ:NWPX) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.31. The business had revenue of $125.64 million for the quarter, compared to the consensus estimate of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. On average, research analysts expect that NWPX Infrastructure will post 3.32 EPS for the current year.

Insider Activity

In related news, VP Megan A. Kendrick sold 4,500 shares of NWPX Infrastructure stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $80.59, for a total transaction of $362,655.00. Following the transaction, the vice president directly owned 6,996 shares of the company’s stock, valued at $563,807.64. This trade represents a 39.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of NWPX Infrastructure

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in shares of NWPX Infrastructure in the 3rd quarter valued at $28,000. Wexford Capital LP purchased a new stake in shares of NWPX Infrastructure during the 3rd quarter worth $29,000. Simplex Trading LLC lifted its stake in shares of 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 purchasing an additional 320 shares during the last quarter. CWM LLC boosted its position in NWPX Infrastructure by 75.8% during the third quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 251 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in NWPX Infrastructure during the fourth quarter valued at about $71,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Company Profile

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.