NWPX Infrastructure (NASDAQ:NWPX) Hits New 12-Month High – Time to Buy?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $125.62 and last traded at $125.1450, with a volume of 11434 shares trading hands. The stock had previously closed at $121.16.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. 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. DA Davidson lifted their price objective on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $90.00.

NWPX Infrastructure Stock Down 0.8%

The firm has a market cap of $1.16 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 2.17 and a beta of 1.10. The stock’s 50 day simple moving average is $98.65 and its 200 day simple moving average is $78.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.68.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.40. The business had revenue of $138.25 million during the quarter, compared to analyst estimates of $125.10 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. Research analysts anticipate that NWPX Infrastructure, Inc. will post 4.94 EPS for the current year.

Insider Buying and Selling at NWPX Infrastructure

In other news, CEO Scott J. Montross sold 2,500 shares of the company’s stock in a transaction on 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 sale, the chief executive officer owned 65,977 shares in the company, valued at $4,713,396.88. This represents a 3.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Amanda Julian sold 3,473 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.98, for a total transaction of $249,986.54. Following the completion of the sale, the director owned 10,417 shares of the company’s stock, valued at approximately $749,815.66. The trade was a 25.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 13,273 shares of company stock worth $946,564. 3.30% of the stock is owned by corporate insiders.

Institutional Trading of NWPX Infrastructure

Institutional investors have recently made changes to their positions in the company. LSV Asset Management grew its position in NWPX Infrastructure by 106.9% during the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock valued at $8,971,000 after buying an additional 74,158 shares during the period. Franklin Resources Inc. grew its position in NWPX Infrastructure by 527.6% during the fourth quarter. Franklin Resources Inc. now owns 70,923 shares of the industrial products company’s stock valued at $4,432,000 after buying an additional 59,623 shares during the period. Hillsdale Investment Management Inc. bought a new position in NWPX Infrastructure during the first quarter valued at about $4,609,000. Congruence Capital LLC bought a new position in NWPX Infrastructure during the fourth quarter valued at about $3,508,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in NWPX Infrastructure during the first quarter valued at about $3,339,000. 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.