NWPX Infrastructure (NASDAQ:NWPX) Reaches New 52-Week High – Time to Buy?

NWPX Infrastructure, Inc. (NASDAQ:NWPX) shares reached a new 52-week high on Tuesday . The stock traded as high as $116.28 and last traded at $115.12, with a volume of 7155 shares changing hands. The stock had previously closed at $112.26.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NWPX shares. Wall Street Zen raised shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. DA Davidson boosted their price target on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $90.00.

NWPX Infrastructure Stock Up 3.7%

The stock’s fifty day moving average price is $91.46 and its 200 day moving average price is $75.33. The stock has a market cap of $1.17 billion, a P/E ratio of 28.46, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. The company has a current ratio of 2.68, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results 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 net margin of 7.66% and a return on equity of 10.80%. The firm had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. As a group, research analysts forecast that NWPX Infrastructure, Inc. will post 4.94 earnings per share for the current fiscal year.

Insider Activity

In other NWPX Infrastructure news, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $71.44, for a total transaction of $178,600.00. Following the completion of the sale, the chief executive officer owned 65,977 shares of the company’s stock, valued at $4,713,396.88. This represents a 3.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Megan A. Kendrick sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total transaction of $362,655.00. Following the completion of the sale, the vice president directly owned 6,996 shares of the company’s stock, valued at approximately $563,807.64. This represents a 39.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 20,273 shares of company stock worth $1,490,019. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On NWPX Infrastructure

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC increased its stake in shares of NWPX Infrastructure by 19.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 101,961 shares of the industrial products company’s stock worth $6,372,000 after acquiring an additional 16,434 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in shares of NWPX Infrastructure in the 3rd quarter worth about $1,053,000. LSV Asset Management increased its stake in shares of NWPX Infrastructure by 166.9% in the 3rd quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock worth $3,673,000 after acquiring an additional 43,398 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in NWPX Infrastructure during the 4th quarter valued at about $1,031,000. Finally, Royce & Associates LP increased its stake in NWPX Infrastructure by 7.1% during the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after purchasing an additional 35,768 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other 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.