Brokerages Set NWPX Infrastructure, Inc. (NASDAQ:NWPX) Target Price at $62.50

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has received an average recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $62.50.

A number of equities analysts have recently commented on NWPX shares. Northland Capmk raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. DA Davidson boosted their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a research report on Wednesday, October 8th.

Insiders Place Their Bets

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 2,000 shares of NWPX Infrastructure stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $52.24, for a total transaction of $104,480.00. Following the completion of the sale, the chief financial officer directly owned 24,762 shares of the company’s stock, valued at $1,293,566.88. The trade was a 7.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Megan A. Kendrick sold 3,500 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $50.00, for a total value of $175,000.00. Following the completion of the transaction, the vice president owned 10,560 shares in the company, valued at approximately $528,000. The trade was a 24.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 8,500 shares of company stock worth $433,715. 3.20% of the stock is owned by insiders.

Institutional Trading of NWPX Infrastructure

Several institutional investors have recently modified their holdings of the stock. Illumine Investment Management LLC boosted its holdings in shares of NWPX Infrastructure by 1.2% in the 3rd quarter. Illumine Investment Management LLC now owns 18,330 shares of the industrial products company’s stock valued at $970,000 after buying an additional 219 shares in the last quarter. CWM LLC lifted its position in NWPX Infrastructure by 75.8% in 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 during the last quarter. Rhumbline Advisers boosted its stake in NWPX Infrastructure by 2.6% in the third quarter. Rhumbline Advisers now owns 14,547 shares of the industrial products company’s stock valued at $770,000 after acquiring an additional 367 shares in the last quarter. Byrne Asset Management LLC grew its holdings in shares of NWPX Infrastructure by 20.1% during the second quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 482 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in shares of NWPX Infrastructure during the third quarter worth about $28,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Stock Performance

NASDAQ:NWPX opened at $60.56 on Friday. NWPX Infrastructure has a 52 week low of $36.97 and a 52 week high of $63.98. The company has a fifty day simple moving average of $53.43 and a two-hundred day simple moving average of $46.24. The company has a quick ratio of 2.81, a current ratio of 3.95 and a debt-to-equity ratio of 0.11. The company has a market cap of $581.98 million, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.36. NWPX Infrastructure had a return on equity of 9.71% and a net margin of 7.04%.The business had revenue of $151.07 million for the quarter, compared to analysts’ expectations of $132.01 million. As a group, equities analysts anticipate that NWPX Infrastructure will post 3.32 earnings per share for the current fiscal year.

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.