NWPX Infrastructure, Inc. (NASDAQ:NWPX) Stock Has Average Target Price of $110.00 According to Brokerages

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) have received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $110.00.

Separately, Weiss Ratings cut NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday.

Insider Buying and Selling at NWPX Infrastructure

In other news, EVP Michael Wray sold 4,500 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $110.94, for a total transaction of $499,230.00. Following the sale, the executive vice president owned 23,886 shares in the company, valued at approximately $2,649,912.84. The trade was a 15.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of the company’s 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 completion of the sale, the chief executive officer directly owned 76,129 shares in the company, valued at $9,039,557.46. This represents a 3.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 58,335 shares of company stock valued at $6,259,631. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Deutsche Bank AG purchased a new position in shares of NWPX Infrastructure during the second quarter valued at approximately $1,425,000. BlackRock Inc. bought a new stake in shares of NWPX Infrastructure in the 2nd quarter worth approximately $135,365,000. Van ECK Associates Corp bought a new stake in shares of NWPX Infrastructure in the 2nd quarter worth approximately $5,378,000. Crown Advisors Management Inc. purchased a new stake in shares of NWPX Infrastructure in the 2nd quarter worth approximately $10,496,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of NWPX Infrastructure in the 2nd quarter worth approximately $3,063,000. 80.63% of the stock is currently owned by institutional investors.

NWPX Infrastructure Stock Up 0.0%

NWPX stock opened at $97.63 on Tuesday. NWPX Infrastructure has a fifty-two week low of $52.01 and a fifty-two week high of $152.03. The company has a market capitalization of $941.15 million, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The business’s 50 day moving average price is $106.02 and its two-hundred day moving average price is $112.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71.

NWPX Infrastructure (NASDAQ:NWPX) last released its earnings results 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. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. The company had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. As a group, analysts forecast that NWPX Infrastructure will post 5.43 earnings per share for the current fiscal year.

About NWPX Infrastructure

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.