NWPX Infrastructure (NASDAQ:NWPX) Reaches New 1-Year High – Still a Buy?

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

Wall Street Analysts Forecast Growth

NWPX has been the topic of a number of research analyst reports. Northland Capmk raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. Finally, DA Davidson lifted their price target 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $70.00.

NWPX Infrastructure Trading Up 1.7%

The company has a market cap of $663.33 million, a PE ratio of 18.76, a PEG ratio of 1.60 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.62 and a current ratio of 3.60. The company has a 50 day simple moving average of $61.07 and a two-hundred day simple moving average of $53.54.

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

Insider Activity at NWPX Infrastructure

In related news, Director Michael C. Franson sold 5,506 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $60.17, for a total value of $331,296.02. Following the completion of the sale, the director owned 18,525 shares of the company’s stock, valued at approximately $1,114,649.25. The trade was a 22.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Scott J. Montross sold 8,210 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $57.27, for a total transaction of $470,186.70. Following the transaction, the chief executive officer directly owned 68,781 shares in the company, valued at approximately $3,939,087.87. The trade was a 10.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 28,001 shares of company stock valued at $1,631,008. 3.20% of the stock is owned by insiders.

Institutional Trading of NWPX Infrastructure

Several large investors have recently added to or reduced their stakes in NWPX. AlphaQuest LLC lifted its holdings in shares of NWPX Infrastructure by 115.4% during the second quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock valued at $483,000 after acquiring an additional 6,307 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of NWPX Infrastructure during the 2nd quarter worth about $2,092,000. Brandywine Global Investment Management LLC boosted its position in NWPX Infrastructure by 17.0% in the second quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company’s stock valued at $1,740,000 after buying an additional 6,180 shares in the last quarter. LSV Asset Management bought a new stake in NWPX Infrastructure during the second quarter worth about $1,066,000. Finally, Acadian Asset Management LLC increased its holdings in shares of NWPX Infrastructure by 673.9% during the first quarter. Acadian Asset Management LLC now owns 24,967 shares of the industrial products company’s stock worth $1,029,000 after buying an additional 21,741 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

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.