NWPX Infrastructure, Inc. (NASDAQ:NWPX) Receives Average Recommendation of “Moderate Buy” from Brokerages

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

NWPX has been the subject of a number of recent research reports. Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. 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 target on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th.

NWPX Infrastructure Price Performance

Shares of NWPX Infrastructure stock opened at $103.03 on Friday. The company has a market cap of $993.21 million, a PE ratio of 20.65, a P/E/G ratio of 1.71 and a beta of 1.09. The business has a 50 day moving average of $118.14 and a 200 day moving average of $108.74. NWPX Infrastructure has a 52 week low of $49.25 and a 52 week high of $152.03. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The firm had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. As a group, equities research analysts forecast that NWPX Infrastructure will post 5.43 earnings per share for the current year.

Insider Activity at NWPX Infrastructure

In other NWPX Infrastructure news, CEO Scott Montross sold 1,227 shares of the stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $110.58, for a total value of $135,681.66. Following the transaction, the chief executive officer owned 69,902 shares of the company’s stock, valued at approximately $7,729,763.16. This represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $106.52, for a total value of $159,780.00. Following the sale, the chief financial officer owned 24,398 shares of the company’s stock, valued at approximately $2,598,874.96. This represents a 5.79% 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. Insiders have sold 27,081 shares of company stock valued at $3,024,932 in the last 90 days. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC bought a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at $259,000. Engineers Gate Manager LP grew its holdings in NWPX Infrastructure by 49.4% during the second quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company’s stock valued at $1,301,000 after purchasing an additional 2,869 shares during the period. NewEdge Advisors LLC purchased a new stake in NWPX Infrastructure in the second quarter worth about $471,000. Allworth Financial LP raised its stake in shares of NWPX Infrastructure by 23.0% in the second quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company’s stock worth $4,272,000 after buying an additional 5,334 shares during the period. Finally, Waverly Advisors LLC purchased a new position in shares of NWPX Infrastructure during the 2nd quarter valued at about $421,000. 80.63% of the stock is currently owned by institutional investors.

NWPX Infrastructure Company Profile

NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.

Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.