NWPX Infrastructure, Inc. (NASDAQ:NWPX) Stock Has Consensus Target Price of $110.00

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $110.00.

Separately, Weiss Ratings lowered NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd.

NWPX Infrastructure Stock Down 2.1%

Shares of NWPX opened at $99.22 on Tuesday. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. NWPX Infrastructure has a 12 month low of $49.59 and a 12 month high of $152.03. The firm’s 50 day moving average is $108.30 and its 200-day moving average is $112.02. The stock has a market capitalization of $956.18 million, a PE ratio of 19.88, a P/E/G ratio of 1.70 and a beta of 1.08.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.29. The business had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Equities research analysts forecast that NWPX Infrastructure will post 5.43 EPS for the current year.

Insider Activity

In other news, CFO Aaron Wilkins sold 1,500 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $106.52, for a total transaction of $159,780.00. Following the sale, the chief financial officer directly owned 24,398 shares of the company’s stock, valued at approximately $2,598,874.96. This represents a 5.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard A. Roman sold 4,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $105.72, for a total value of $422,880.00. Following the completion of the transaction, the director owned 30,340 shares in the company, valued at $3,207,544.80. The trade was a 11.65% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 54,335 shares of company stock worth $5,872,271. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On NWPX Infrastructure

Several institutional investors and hedge funds have recently bought and sold shares of the company. Central Pacific Bank Trust Division grew its stake in NWPX Infrastructure by 168.9% during the third quarter. Central Pacific Bank Trust Division now owns 2,797 shares of the industrial products company’s stock worth $288,000 after buying an additional 1,757 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at approximately $259,000. Engineers Gate Manager LP raised its position in shares of NWPX Infrastructure by 49.4% in the 2nd quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company’s stock valued at $1,301,000 after buying an additional 2,869 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of NWPX Infrastructure during the 2nd quarter worth approximately $471,000. Finally, Allworth Financial LP lifted its holdings in shares of NWPX Infrastructure by 23.0% during the 2nd quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company’s stock worth $4,272,000 after acquiring an additional 5,334 shares during the period. Institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Company Profile

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.