Brokerages Set NWPX Infrastructure, Inc. (NASDAQ:NWPX) Price Target at $62.50

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has been given an average recommendation of “Moderate Buy” by the five research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $62.50.

Several research firms have recently weighed in on NWPX. Wall Street Zen raised NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. DA Davidson lifted their target price on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. Finally, Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st.

Insider Buying and Selling at NWPX Infrastructure

In other news, Director Michael C. Franson sold 5,506 shares of NWPX Infrastructure 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 transaction, the director owned 18,525 shares in the company, valued at $1,114,649.25. The trade was a 22.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aaron Wilkins sold 5,009 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $59.90, for a total transaction of $300,039.10. Following the sale, the chief financial officer owned 19,753 shares of the company’s stock, valued at approximately $1,183,204.70. The trade was a 20.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 28,001 shares of company stock valued at $1,631,008. Company insiders own 3.20% of the company’s stock.

Institutional Trading of NWPX Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in NWPX. CSM Advisors LLC acquired a new position in NWPX Infrastructure in the second quarter valued at approximately $6,075,000. Russell Investments Group Ltd. lifted its stake in shares of NWPX Infrastructure by 258.7% in the 1st quarter. Russell Investments Group Ltd. now owns 96,863 shares of the industrial products company’s stock valued at $4,000,000 after purchasing an additional 69,856 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of NWPX Infrastructure during the 2nd quarter worth $2,092,000. LSV Asset Management grew its holdings in shares of NWPX Infrastructure by 166.9% during the 3rd quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock worth $3,673,000 after purchasing an additional 43,398 shares during the period. Finally, Legal & General Group Plc increased its position in shares of NWPX Infrastructure by 14.4% during the 2nd quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock worth $13,280,000 after purchasing an additional 40,751 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Stock Up 0.2%

Shares of NWPX opened at $64.73 on Friday. The firm has a market cap of $622.06 million, a P/E ratio of 17.59, a PEG ratio of 1.78 and a beta of 0.94. NWPX Infrastructure has a 12 month low of $36.97 and a 12 month high of $65.84. The stock’s 50 day moving average is $58.63 and its two-hundred day moving average is $50.93. The company has a current ratio of 3.60, a quick ratio of 2.62 and a debt-to-equity ratio of 0.10.

NWPX Infrastructure (NASDAQ:NWPX) last released its earnings results on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.36. The business had revenue of $151.07 million during the quarter, compared to analysts’ expectations of $132.01 million. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.65%. Analysts predict that NWPX Infrastructure will post 3.32 earnings per share for the current fiscal year.

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.