NWPX Infrastructure, Inc. (NASDAQ:NWPX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPXGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $110.00.

NWPX has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective on the stock. Finally, Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th.

Get Our Latest Stock Analysis on NWPX

Insider Buying and Selling

In related news, Director Keith R. Larson sold 1,250 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $115.86, for a total value of $144,825.00. Following the transaction, the director directly owned 21,133 shares of the company’s stock, valued at $2,448,469.38. This trade represents a 5.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of NWPX Infrastructure stock in a transaction on Monday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00. Following the sale, the chief financial officer owned 25,898 shares in the company, valued at $3,107,760. This represents a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,178 shares of company stock worth $1,102,410 over the last 90 days. 3.30% of the stock is owned by insiders.

Institutional Trading of NWPX Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in NWPX Infrastructure in the second quarter valued at approximately $329,209,000. William Blair Investment Management LLC purchased a new position in shares of NWPX Infrastructure during the second quarter worth approximately $23,010,000. Legal & General Group Plc acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $42,751,000. Bank of America Corp DE purchased a new stake in NWPX Infrastructure in the 2nd quarter valued at $8,069,000. Finally, Heartland Advisors Inc. purchased a new stake in NWPX Infrastructure in the 2nd quarter valued at $20,992,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

NWPX Infrastructure Stock Performance

Shares of NWPX stock opened at $110.08 on Monday. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. NWPX Infrastructure has a 52 week low of $49.25 and a 52 week high of $152.03. The stock has a market capitalization of $1.06 billion, a PE ratio of 22.06, a P/E/G ratio of 1.84 and a beta of 1.09. The firm has a 50 day moving average of $130.46 and a two-hundred day moving average of $104.26.

NWPX Infrastructure (NASDAQ:NWPXGet Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.29. The company had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. On average, research analysts predict that NWPX Infrastructure will post 5.43 EPS for the current fiscal year.

NWPX Infrastructure Company Profile

(Get Free Report)

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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Analyst Recommendations for NWPX Infrastructure (NASDAQ:NWPX)

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