NWPX Infrastructure, Inc. (NASDAQ:NWPX) Receives Consensus Recommendation of "Hold" from Analysts

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) has been assigned a consensus rating of "Hold" from the five analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $62.50.

NWPX has been the subject of several research reports. DA Davidson increased their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th.

View Our Latest Stock Analysis on NWPX

NWPX Infrastructure Stock Performance

Shares of NASDAQ NWPX traded up $3.51 during midday trading on Friday, hitting $59.98. The company's stock had a trading volume of 38,741 shares, compared to its average volume of 66,393. NWPX Infrastructure has a one year low of $36.97 and a one year high of $62.66. The firm has a market capitalization of $578.76 million, a price-to-earnings ratio of 16.30, a P/E/G ratio of 1.64 and a beta of 0.89. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The stock has a fifty day moving average price of $52.54 and a 200 day moving average price of $45.53.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.36. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.71%. The company had revenue of $151.07 million during the quarter, compared to analyst estimates of $132.01 million. On average, research analysts forecast that NWPX Infrastructure will post 3.32 EPS for the current fiscal year.

Insider Transactions at NWPX Infrastructure

In other news, VP Megan A. Kendrick sold 3,500 shares of NWPX Infrastructure stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $175,000.00. Following the transaction, the vice president directly owned 10,560 shares in the company, valued at approximately $528,000. This trade represents a 24.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Aaron Wilkins sold 2,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $52.24, for a total value of $104,480.00. Following the sale, the chief financial officer owned 24,762 shares of the company's stock, valued at $1,293,566.88. This trade represents a 7.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,500 shares of company stock valued at $433,715 in the last quarter. 3.20% of the stock is currently owned by company insiders.

Institutional Trading of NWPX Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its position in shares of NWPX Infrastructure by 75.8% in the third quarter. CWM LLC now owns 582 shares of the industrial products company's stock worth $31,000 after acquiring an additional 251 shares during the period. Byrne Asset Management LLC raised its stake in shares of NWPX Infrastructure by 20.1% during the 2nd quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company's stock worth $118,000 after buying an additional 482 shares during the period. State of Alaska Department of Revenue purchased a new stake in NWPX Infrastructure in the 3rd quarter worth $28,000. New York State Teachers Retirement System acquired a new stake in shares of NWPX Infrastructure in the first quarter valued at about $37,000. Finally, Boston Partners increased its stake in shares of NWPX Infrastructure by 7.2% during the second quarter. Boston Partners now owns 14,776 shares of the industrial products company's stock worth $606,000 after purchasing an additional 987 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company's stock.

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.

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