NWPX Infrastructure (NASDAQ:NWPX) Hits New 52-Week High – Here’s What Happened

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s stock price hit a new 52-week high on Monday . The company traded as high as $65.84 and last traded at $58.98, with a volume of 90559 shares traded. The stock had previously closed at $58.95.

Wall Street Analyst Weigh In

NWPX has been the subject of several research analyst reports. Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson raised their price objective on NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. Finally, Northland Capmk upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

NWPX Infrastructure Trading Up 0.1%

The stock has a market cap of $566.80 million, a PE ratio of 16.03, a PEG ratio of 1.64 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95. The stock has a fifty day moving average price of $53.54 and a 200 day moving average price of $46.44.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate 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. Equities analysts expect that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Insider Buying and Selling

In related news, CFO Aaron Wilkins sold 2,500 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $50.89, for a total value of $127,225.00. Following the sale, the chief financial officer directly owned 27,262 shares of the company’s stock, valued at $1,387,363.18. This represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 5,000 shares of company stock worth $258,715. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NWPX. Illumine Investment Management LLC grew its holdings in NWPX Infrastructure by 1.2% during the 3rd quarter. Illumine Investment Management LLC now owns 18,330 shares of the industrial products company’s stock worth $970,000 after acquiring an additional 219 shares in the last quarter. CWM LLC lifted its position in shares of NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 251 shares during the period. Rhumbline Advisers boosted its stake in shares of NWPX Infrastructure by 2.6% during the third quarter. Rhumbline Advisers now owns 14,547 shares of the industrial products company’s stock valued at $770,000 after purchasing an additional 367 shares in the last quarter. Byrne Asset Management LLC increased its holdings in 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 valued at $118,000 after buying an additional 482 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in NWPX Infrastructure during the third quarter valued at approximately $28,000. Institutional investors 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.