NWPX Infrastructure (NASDAQ:NWPX) Hits New 52-Week High – Time to Buy?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $125.62 and last traded at $125.1450, with a volume of 11434 shares changing hands. The stock had previously closed at $121.16.

Analysts Set New Price Targets

Several equities research analysts have commented on NWPX shares. Wall Street Zen raised shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. DA Davidson upped their target price on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research note on Wednesday. They issued a “neutral” rating and a $130.00 target price for the company. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

NWPX Infrastructure Price Performance

The company has a market cap of $1.18 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 2.27 and a beta of 1.10. 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 company’s fifty day moving average price is $100.51 and its two-hundred day moving average price is $79.80.

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

Insider Buying and Selling

In related news, Director Amanda Julian sold 3,473 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $71.98, for a total transaction of $249,986.54. Following the completion of the transaction, the director owned 10,417 shares in the company, valued at approximately $749,815.66. This represents a 25.00% decrease in their ownership of the stock. 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 the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.44, for a total transaction of $178,600.00. Following the transaction, the chief executive officer owned 65,977 shares of the company’s stock, valued at $4,713,396.88. The trade was a 3.65% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 9,273 shares of company stock worth $662,524. 3.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in NWPX Infrastructure by 2.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company’s stock worth $30,453,000 after purchasing an additional 12,272 shares during the last quarter. Royce & Associates LP boosted its holdings in NWPX Infrastructure by 7.1% during the third quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock worth $28,433,000 after purchasing an additional 35,768 shares during the last quarter. Legal & General Group Plc boosted its holdings in NWPX Infrastructure by 3.3% during the fourth quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock worth $12,560,000 after purchasing an additional 6,440 shares during the last quarter. LSV Asset Management boosted its holdings in NWPX Infrastructure by 106.9% during the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after purchasing an additional 74,158 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in NWPX Infrastructure by 4.7% during the second quarter. Bridgeway Capital Management LLC now owns 102,946 shares of the industrial products company’s stock worth $4,222,000 after purchasing an additional 4,577 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.