NWPX Infrastructure (NASDAQ:NWPX) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of NWPX Infrastructure (NASDAQ:NWPX) from a buy rating to a hold rating in a research report report published on Saturday morning.

Other research analysts have also issued reports about the stock. DA Davidson boosted their price target on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Zacks Research upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings raised NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 24th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $90.00.

NWPX Infrastructure Price Performance

Shares of NASDAQ NWPX opened at $79.68 on Friday. 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 fifty day moving average price of $74.37 and a 200 day moving average price of $64.24. NWPX Infrastructure has a 1-year low of $36.97 and a 1-year high of $83.12. The company has a market cap of $762.54 million, a PE ratio of 22.19, a P/E/G ratio of 1.71 and a beta of 0.92.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.31. The company had revenue of $125.64 million for the quarter, compared to analysts’ expectations of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. Sell-side analysts forecast that NWPX Infrastructure will post 3.32 EPS for the current year.

Insider Activity at NWPX Infrastructure

In other news, Director Amanda Julian sold 3,473 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $71.98, for a total value of $249,986.54. Following the completion of the transaction, the director owned 10,417 shares in the company, valued at $749,815.66. This trade represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Miles Brittain sold 3,300 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $70.89, for a total transaction of $233,937.00. Following the completion of the sale, the executive vice president owned 20,006 shares of the company’s stock, valued at $1,418,225.34. This trade represents a 14.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 20,273 shares of company stock valued at $1,490,019 over the last 90 days. Company insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in NWPX Infrastructure in the third quarter valued at about $28,000. Wexford Capital LP purchased a new stake in shares of NWPX Infrastructure during the 3rd quarter worth approximately $29,000. Simplex Trading LLC grew its holdings in shares of NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 320 shares during the period. CWM LLC grew its holdings 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 acquiring an additional 251 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new position in NWPX Infrastructure in the 4th quarter valued at approximately $71,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.