NWPX Infrastructure (NASDAQ:NWPX) Stock Price Target Lowered at JPMorgan Chase & Co.

NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) had its price target lowered by analysts at JPMorgan Chase & Co. from $130.00 to $120.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 22.69% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of NWPX Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $105.00.

Check Out Our Latest Stock Report on NWPX

NWPX Infrastructure Stock Performance

NASDAQ:NWPX opened at $97.81 on Friday. The stock has a 50-day simple moving average of $103.33 and a 200-day simple moving average of $101.34. The stock has a market cap of $941.91 million, a P/E ratio of 17.88, a P/E/G ratio of 1.61 and a beta of 1.14. NWPX Infrastructure has a 1 year low of $53.15 and a 1 year high of $152.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.84 and a current ratio of 2.56.

NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last issued its earnings results on Wednesday, October 28th. The industrial products company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.21. The business had revenue of $179.39 million for the quarter, compared to analyst estimates of $167.74 million. NWPX Infrastructure had a return on equity of 12.99% and a net margin of 8.87%. As a group, analysts anticipate that NWPX Infrastructure will post 5.52 earnings per share for the current fiscal year.

Insider Buying and Selling at NWPX Infrastructure

In related news, SVP Eric Stokes sold 12,631 shares of the stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $105.86, for a total transaction of $1,337,117.66. Following the completion of the sale, the senior vice president owned 12,643 shares in the company, valued at $1,338,387.98. This represents a 49.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael Franson sold 3,500 shares of NWPX Infrastructure stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $105.30, for a total transaction of $368,550.00. Following the completion of the transaction, the director owned 15,924 shares in the company, valued at approximately $1,676,797.20. This represents a 18.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,335 shares of company stock worth $6,259,631 in the last 90 days. Company insiders own 3.30% of the company’s stock.

Institutional Investors Weigh In On NWPX Infrastructure

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of NWPX Infrastructure during the second quarter worth about $135,365,000. Legal & General Group Plc purchased a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $42,751,000. Heartland Advisors Inc. purchased a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $20,992,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $16,659,000. Finally, Crown Advisors Management Inc. acquired a new stake in NWPX Infrastructure during the 2nd quarter worth approximately $10,496,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

About NWPX Infrastructure

(Get Free Report)

NWPX Infrastructure (NASDAQ: NWPX), formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used to transport, store and manage water. The company supplies engineered steel pressure pipe and related systems for municipal water transmission, water treatment, wastewater and other utility applications.

Its product offerings also include precast concrete structures and components used in stormwater management, sanitary sewer systems and other civil infrastructure projects.

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