NWPX Infrastructure (NASDAQ:NWPX) Hits New 1-Year High – What’s Next?
by Renee Jackson · The Cerbat GemNWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report)’s share price reached a new 52-week high during trading on Monday . The stock 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
NWPX has been the topic of a number of recent research reports. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. Finally, DA Davidson upped their price target on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.00.
View Our Latest Report on NWPX
NWPX Infrastructure Trading Up 0.6%
The company has a market cap of $1.35 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 2.54 and a beta of 1.10. The firm has a 50 day moving average price of $108.16 and a two-hundred day moving average price of $83.56. The company has a quick ratio of 2.06, a current ratio of 2.68 and a debt-to-equity ratio of 0.02.
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.40. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%.The company had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. As a group, equities analysts forecast that NWPX Infrastructure, Inc. will post 4.97 earnings per share for the current year.
Institutional Investors Weigh In On NWPX Infrastructure
A number of institutional investors have recently modified their holdings of the company. Wexford Capital LP bought a new position in NWPX Infrastructure during the third quarter worth $29,000. Simplex Trading LLC boosted its position in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 320 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in NWPX Infrastructure during the 4th quarter worth about $71,000. Exchange Traded Concepts LLC acquired a new stake in NWPX Infrastructure during the 4th quarter worth about $78,000. Finally, State of Alaska Department of Revenue raised its position 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 in the last quarter. 80.63% of the stock is owned by institutional investors.
About NWPX Infrastructure
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.