NWPX Infrastructure (NASDAQ:NWPX) Hits New 1-Year High – Here’s Why

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) hit a new 52-week high during trading on Wednesday . The company traded as high as $114.27 and last traded at $110.2150, with a volume of 22948 shares. The stock had previously closed at $113.97.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NWPX. DA Davidson boosted their price objective on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen upgraded shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Sunday. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $90.00.

NWPX Infrastructure Stock Performance

The company has a market capitalization of $1.08 billion, a PE ratio of 26.10, a PEG ratio of 2.05 and a beta of 1.06. The business’s 50-day moving average is $83.50 and its 200-day moving average is $71.12. 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 earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share for the quarter, beating 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 business had revenue of $138.25 million during the quarter, compared to the consensus estimate of $125.10 million. On average, research analysts anticipate that NWPX Infrastructure, Inc. will post 4.94 earnings per share for the current year.

Insider Activity

In related news, Director Amanda Julian sold 3,473 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $71.98, for a total transaction of $249,986.54. Following the sale, the director directly owned 10,417 shares of the company’s stock, valued at approximately $749,815.66. This represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $71.44, for a total transaction of $178,600.00. Following the completion of the transaction, the chief executive officer directly owned 65,977 shares of the company’s stock, valued at $4,713,396.88. This trade represents a 3.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 20,273 shares of company stock worth $1,490,019. 3.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NWPX Infrastructure

Several large investors have recently bought and sold shares of NWPX. State of Alaska Department of Revenue bought a new position in NWPX Infrastructure during the 3rd quarter valued at about $28,000. Wexford Capital LP purchased a new position in shares of NWPX Infrastructure during the third quarter valued at approximately $29,000. Simplex Trading LLC lifted its position in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 320 shares during the period. CWM LLC lifted its position in NWPX Infrastructure by 75.8% during the third quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 251 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in NWPX Infrastructure in the fourth quarter worth approximately $71,000. 80.63% of the stock is currently owned by institutional investors.

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.