NWPX Infrastructure (NASDAQ:NWPX) Cut to “Buy” at Wall Street Zen

Wall Street Zen cut shares of NWPX Infrastructure (NASDAQ:NWPX) from a strong-buy rating to a buy rating in a research note released on Sunday morning.

NWPX has been the subject of a number of other research reports. DA Davidson upped their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings cut NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Finally, Zacks Research raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $90.00.

NWPX Infrastructure Trading Up 1.5%

Shares of NWPX Infrastructure stock opened at $75.76 on Friday. NWPX Infrastructure has a 1-year low of $36.97 and a 1-year high of $83.12. The company’s fifty day simple moving average is $71.03 and its 200-day simple moving average is $61.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.78 and a quick ratio of 2.66. The stock has a market capitalization of $725.02 million, a PE ratio of 21.10, a P/E/G ratio of 1.60 and a beta of 0.92.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%.The firm had revenue of $125.64 million during the quarter, compared to analyst estimates of $122.00 million. As a group, equities analysts anticipate that NWPX Infrastructure will post 3.32 earnings per share for the current year.

Insider Transactions at NWPX Infrastructure

In other news, CEO Scott J. Montross sold 2,500 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $72.32, for a total value of $180,800.00. Following the completion of the transaction, the chief executive officer owned 70,977 shares of the company’s stock, valued at $5,133,056.64. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Megan A. Kendrick sold 4,500 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total value of $362,655.00. Following the sale, the vice president owned 6,996 shares of the company’s stock, valued at $563,807.64. This represents a 39.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,035 shares of company stock worth $545,678. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new stake in shares of NWPX Infrastructure during the third quarter valued at approximately $28,000. Wexford Capital LP bought a new position in shares of NWPX Infrastructure during the third quarter worth $29,000. Simplex Trading LLC grew its stake 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 acquiring an additional 320 shares in the last quarter. CWM LLC grew its stake 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 acquiring an additional 251 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in NWPX Infrastructure in the 4th quarter valued at $71,000. 80.63% of the stock is currently owned by 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.