NWPX Infrastructure (NASDAQ:NWPX) Reaches New 12-Month High – Time to Buy?
by Jessica Moore · The Cerbat GemNWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $70.61 and last traded at $70.48, with a volume of 22839 shares trading hands. The stock had previously closed at $69.22.
Analysts Set New Price Targets
NWPX has been the subject of a number of research analyst reports. DA Davidson increased their price objective on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Northland Securities upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NWPX Infrastructure in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded NWPX Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.00.
Check Out Our Latest Research Report on NWPX Infrastructure
NWPX Infrastructure Trading Up 0.7%
The company’s 50 day simple moving average is $62.06 and its 200 day simple moving average is $54.47. The firm has a market cap of $670.11 million, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62.
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share (EPS) 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 business had revenue of $151.07 million for the quarter, compared to analysts’ expectations of $132.01 million. As a group, research analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CFO Aaron Wilkins sold 5,009 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $59.90, for a total value of $300,039.10. Following the completion of the transaction, the chief financial officer owned 19,753 shares in the company, valued at $1,183,204.70. The trade was a 20.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Miles Brittain sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $56.41, for a total transaction of $225,640.00. Following the transaction, the executive vice president owned 25,725 shares of the company’s stock, valued at $1,451,147.25. This trade represents a 13.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 28,001 shares of company stock worth $1,631,008. 3.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On NWPX Infrastructure
A number of institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in shares of NWPX Infrastructure during the third quarter worth $28,000. Wexford Capital LP purchased a new stake in NWPX Infrastructure during the 3rd quarter worth about $29,000. CWM LLC lifted its holdings in NWPX Infrastructure by 75.8% during the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after buying an additional 251 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of NWPX Infrastructure during the 4th quarter worth about $78,000. Finally, SG Americas Securities LLC acquired a new position in shares of NWPX Infrastructure during the 3rd quarter worth about $128,000. 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.