NWPX Infrastructure (NASDAQ:NWPX) Reaches New 12-Month High – Should You Buy?

NWPX Infrastructure, Inc. (NASDAQ:NWPX) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $116.28 and last traded at $115.12, with a volume of 7155 shares traded. The stock had previously closed at $112.26.

Analyst Ratings Changes

A number of brokerages recently weighed in on NWPX. Weiss Ratings raised NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. DA Davidson raised their price objective on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen raised NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. 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 a consensus rating of “Buy” and a consensus price target of $90.00.

NWPX Infrastructure Stock Performance

The stock has a market capitalization of $1.13 billion, a PE ratio of 27.29, a PEG ratio of 2.07 and a beta of 1.06. The company has a quick ratio of 2.06, a current ratio of 2.68 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $89.54 and a 200-day moving average price of $74.50.

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

Insider Buying and Selling

In related news, EVP Miles Brittain sold 4,000 shares of NWPX Infrastructure stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $71.01, for a total transaction of $284,040.00. Following the completion of the transaction, the executive vice president directly owned 23,306 shares in the company, valued at approximately $1,654,959.06. This trade represents a 14.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amanda Julian sold 3,473 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $71.98, for a total value of $249,986.54. Following the transaction, the director owned 10,417 shares of the company’s stock, valued at approximately $749,815.66. This represents a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 20,273 shares of company stock valued at $1,490,019 in the last ninety days. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NWPX. State of Wyoming grew its holdings in NWPX Infrastructure by 4.2% in the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 197 shares during the period. Illumine Investment Management LLC grew its holdings in NWPX Infrastructure by 1.2% in the third quarter. Illumine Investment Management LLC now owns 18,330 shares of the industrial products company’s stock valued at $970,000 after purchasing an additional 219 shares during the period. Engineers Gate Manager LP grew its holdings in NWPX Infrastructure by 3.6% in the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock valued at $443,000 after purchasing an additional 245 shares during the period. Simplex Trading LLC grew its holdings in NWPX Infrastructure by 193.9% in 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. Finally, First Trust Advisors LP increased its position in shares of NWPX Infrastructure by 1.1% during the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock worth $2,392,000 after purchasing an additional 338 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.