NWPX Infrastructure, Inc. (NASDAQ:NWPX) Short Interest Down 15.0% in February

NWPX Infrastructure, Inc. (NASDAQ:NWPX) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 131,841 shares, a decline of 15.0% from the January 29th total of 155,123 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 98,514 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 98,514 shares, the short-interest ratio is currently 1.3 days. Currently, 1.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

NWPX has been the subject of a number of recent research reports. Wall Street Zen upgraded NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday. DA Davidson raised their price target on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Weiss Ratings downgraded NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, NWPX Infrastructure presently has a consensus rating of “Buy” and an average price target of $90.00.

Insider Activity

In other news, CFO Aaron Wilkins sold 5,009 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $59.90, for a total transaction of $300,039.10. Following the completion of the transaction, the chief financial officer directly 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael C. Franson sold 5,506 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $60.17, for a total transaction of $331,296.02. Following the completion of the sale, the director owned 18,525 shares in the company, valued at approximately $1,114,649.25. The trade was a 22.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,791 shares of company stock valued at $708,142 in the last three months. 3.20% of the stock is owned by insiders.

Institutional Trading of NWPX Infrastructure

Institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC acquired a new stake in NWPX Infrastructure in the third quarter worth $1,053,000. Brandywine Global Investment Management LLC raised its stake in NWPX Infrastructure by 17.0% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company’s stock worth $1,740,000 after buying an additional 6,180 shares during the period. LSV Asset Management bought a new position in NWPX Infrastructure during the second quarter worth about $1,066,000. Allspring Global Investments Holdings LLC lifted its holdings in NWPX Infrastructure by 67.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 85,527 shares of the industrial products company’s stock worth $4,527,000 after acquiring an additional 34,526 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in NWPX Infrastructure by 4.9% in the second quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock valued at $9,870,000 after acquiring an additional 11,342 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

Shares of NASDAQ NWPX traded up $0.30 during trading on Wednesday, reaching $81.26. The company had a trading volume of 44,071 shares, compared to its average volume of 86,874. NWPX Infrastructure has a 52 week low of $36.97 and a 52 week high of $83.12. The business’s 50 day moving average price is $69.70 and its 200-day moving average price is $60.48. The stock has a market cap of $777.66 million, a PE ratio of 22.64, a PEG ratio of 1.76 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.62 and a current ratio of 3.60.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.35%. The business had revenue of $125.64 million for the quarter, compared to analysts’ expectations of $122.00 million. Analysts expect that NWPX Infrastructure will post 3.32 earnings per share for the current year.

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.