NWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $110.00.
NWPX has been the topic of a number of recent research reports. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday. 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 report on Monday, March 2nd. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th.
Check Out Our Latest Report on NWPX Infrastructure
NWPX Infrastructure Stock Performance
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.40. The firm had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. As a group, sell-side analysts expect that NWPX Infrastructure will post 4.97 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, EVP Miles Brittain sold 3,300 shares of the business’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 transaction, the executive vice president directly owned 20,006 shares in the company, valued at approximately $1,418,225.34. The trade was a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 3.30% of the company’s stock.
Hedge Funds Weigh In On NWPX Infrastructure
Institutional investors and hedge funds have recently bought and sold shares of the company. Wexford Capital LP acquired a new position in NWPX Infrastructure in the 3rd quarter valued at about $29,000. Simplex Trading LLC boosted its holdings in NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 320 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in NWPX Infrastructure in the 4th quarter valued at about $71,000. Exchange Traded Concepts LLC acquired a new position in NWPX Infrastructure in the 4th quarter valued at about $78,000. Finally, State of Alaska Department of Revenue boosted its holdings in NWPX Infrastructure by 141.5% in the 4th quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 754 shares during the last quarter. 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.
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