NWPX Infrastructure (NASDAQ:NWPX) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of NWPX Infrastructure (NASDAQ:NWPX) from a buy rating to a strong-buy rating in a research report report published on Sunday morning.

A number of other research analysts have also recently commented on NWPX. DA Davidson raised their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings upgraded NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $90.00.

NWPX Infrastructure Price Performance

NWPX opened at $112.52 on Friday. NWPX Infrastructure has a fifty-two week low of $37.99 and a fifty-two week high of $114.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.68. The company has a market capitalization of $1.08 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.07 and a beta of 1.06. The stock has a fifty day moving average of $81.42 and a 200-day moving average of $69.88.

NWPX Infrastructure (NASDAQ:NWPX) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share 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 during the quarter, compared to the consensus estimate of $125.10 million. On average, equities analysts expect that NWPX Infrastructure will post 4.94 EPS for the current year.

Insiders Place Their Bets

In other NWPX Infrastructure news, VP Megan A. Kendrick sold 4,500 shares of NWPX Infrastructure stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total value of $362,655.00. Following the transaction, the vice president owned 6,996 shares in the company, valued at $563,807.64. The trade was a 39.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $71.44, for a total value of $178,600.00. Following the completion of the transaction, the chief executive officer owned 65,977 shares in the company, valued at approximately $4,713,396.88. This represents a 3.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 20,273 shares of company stock worth $1,490,019. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Simplex Trading LLC grew its holdings in shares of NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 320 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of NWPX Infrastructure during the third quarter worth about $28,000. Wexford Capital LP bought a new stake in shares of NWPX Infrastructure during the third quarter worth about $29,000. CWM LLC grew its holdings in shares of NWPX Infrastructure by 75.8% during the third quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 251 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of NWPX Infrastructure during the fourth quarter worth about $71,000. Institutional investors own 80.63% of the company’s stock.

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.