NWPX Infrastructure (NASDAQ:NWPX) Hits New 1-Year High – What’s Next?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $144.35 and last traded at $140.2450, with a volume of 251526 shares trading hands. The stock had previously closed at $139.19.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NWPX shares. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings raised NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. DA Davidson raised their price objective on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, NWPX Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

NWPX Infrastructure Trading Up 0.6%

The business has a 50 day moving average of $108.16 and a two-hundred day moving average of $83.56. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 32.73, a P/E/G ratio of 2.54 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.68.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.68 by $0.40. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%.The firm had revenue of $138.25 million during the quarter, compared to the consensus estimate of $125.10 million. Equities analysts predict that NWPX Infrastructure, Inc. will post 4.97 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NWPX. Wexford Capital LP bought a new position in shares of NWPX Infrastructure in the third quarter valued at $29,000. Simplex Trading LLC increased its position in shares of NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 320 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of NWPX Infrastructure during the fourth quarter worth about $71,000. Exchange Traded Concepts LLC acquired a new stake in shares of NWPX Infrastructure in the 4th quarter worth about $78,000. Finally, State of Alaska Department of Revenue raised 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 worth $80,000 after acquiring an additional 754 shares during the last quarter. Institutional investors and hedge funds 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.