NWPX Infrastructure (NASDAQ:NWPX) Hits New 52-Week High – What’s Next?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s stock price reached a new 52-week high on Monday . The stock traded as high as $74.47 and last traded at $75.2040, with a volume of 2033 shares trading hands. The stock had previously closed at $74.32.

Wall Street Analysts Forecast Growth

NWPX has been the topic of several analyst reports. DA Davidson lifted their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wall Street Zen raised NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Northland Securities raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings upgraded shares of NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $70.00.

NWPX Infrastructure Price Performance

The stock has a 50 day moving average price of $65.60 and a two-hundred day moving average price of $57.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62. The firm has a market capitalization of $724.40 million, a price-to-earnings ratio of 20.48, a PEG ratio of 1.78 and a beta of 0.96.

Insider Activity at NWPX Infrastructure

In related news, CFO Aaron Wilkins sold 5,009 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $59.90, for a total transaction of $300,039.10. Following the sale, the chief financial officer directly owned 19,753 shares of the company’s stock, valued at $1,183,204.70. This represents a 20.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Miles Brittain sold 4,000 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $56.41, for a total transaction of $225,640.00. Following the sale, the executive vice president owned 25,725 shares in the company, valued at approximately $1,451,147.25. This trade represents a 13.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 19,791 shares of company stock worth $1,160,822. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of NWPX Infrastructure

Hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in NWPX Infrastructure during the 3rd quarter worth $28,000. Wexford Capital LP purchased a new position in shares of NWPX Infrastructure in the 3rd quarter valued at about $29,000. CWM LLC boosted its stake in shares of NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after buying an additional 251 shares during the period. Exchange Traded Concepts LLC acquired a new position in shares of NWPX Infrastructure during the fourth quarter worth about $78,000. Finally, SG Americas Securities LLC purchased a new stake in shares of NWPX Infrastructure during the third quarter worth approximately $128,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.