NWPX Infrastructure (NASDAQ:NWPX) Hits New 12-Month High – What’s Next?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s stock price hit a new 52-week high on Thursday . The company traded as high as $69.40 and last traded at $68.9050, with a volume of 10732 shares. The stock had previously closed at $67.89.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NWPX. Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. DA Davidson increased their price target on NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, October 31st. Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

NWPX Infrastructure Trading Down 0.2%

The company has a market capitalization of $664.15 million, a P/E ratio of 18.78, a P/E/G ratio of 1.65 and a beta of 0.94. The company has a 50-day simple moving average of $61.45 and a 200 day simple moving average of $53.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.62 and a current ratio of 3.60.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.36. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%.The company had revenue of $151.07 million during the quarter, compared to analysts’ expectations of $132.01 million. Sell-side analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Insider Activity at NWPX Infrastructure

In related news, CEO Scott J. Montross sold 8,210 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $57.27, for a total value of $470,186.70. Following the completion of the sale, the chief executive officer owned 68,781 shares in the company, valued at approximately $3,939,087.87. This trade represents a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aaron Wilkins sold 1,241 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $60.10, for a total value of $74,584.10. Following the transaction, the chief financial officer owned 18,512 shares in the company, valued at $1,112,571.20. This represents a 6.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 28,001 shares of company stock valued at $1,631,008. Company insiders own 3.20% of the company’s stock.

Institutional Trading of NWPX Infrastructure

A number of hedge funds have recently modified their holdings of the company. Ellsworth Advisors LLC bought a new stake in shares of NWPX Infrastructure during the fourth quarter valued at approximately $1,031,000. Allspring Global Investments Holdings LLC boosted its stake in NWPX Infrastructure by 19.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 101,961 shares of the industrial products company’s stock worth $6,372,000 after buying an additional 16,434 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in NWPX Infrastructure in the 4th quarter valued at $78,000. Byrne Asset Management LLC increased its holdings in NWPX Infrastructure by 58.0% in the 4th quarter. Byrne Asset Management LLC now owns 4,192 shares of the industrial products company’s stock valued at $262,000 after buying an additional 1,539 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of NWPX Infrastructure by 99.5% in the 4th quarter. SG Americas Securities LLC now owns 4,842 shares of the industrial products company’s stock valued at $303,000 after buying an additional 2,415 shares in the last quarter. 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.