NWPX Infrastructure (NASDAQ:NWPX) Posts Earnings Results, Beats Expectations By $0.29 EPS

NWPX Infrastructure (NASDAQ:NWPXGet Free Report) released its earnings results on Wednesday. The industrial products company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29, FiscalAI reports. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%.The company had revenue of $159.48 million for the quarter, compared to analysts’ expectations of $154.70 million.

NWPX Infrastructure Price Performance

Shares of NWPX stock traded down $3.04 during trading hours on Wednesday, reaching $123.21. The stock had a trading volume of 272,183 shares, compared to its average volume of 145,622. The stock’s fifty day simple moving average is $130.85 and its 200 day simple moving average is $97.87. The company has a current ratio of 2.68, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02. NWPX Infrastructure has a 12 month low of $40.01 and a 12 month high of $152.03. The firm has a market capitalization of $1.19 billion, a PE ratio of 28.79, a PEG ratio of 2.34 and a beta of 1.07.

Institutional Trading of NWPX Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of NWPX. Wexford Capital LP bought a new position in NWPX Infrastructure in the 3rd quarter valued at $29,000. Simplex Trading LLC raised its position in shares of NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after buying an additional 320 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in NWPX Infrastructure during the fourth quarter valued at $71,000. Raymond James Financial Inc. purchased a new position in NWPX Infrastructure during the second quarter worth about $163,000. Finally, Quantbot Technologies LP grew its position in NWPX Infrastructure by 43.3% during the third quarter. Quantbot Technologies LP now owns 3,093 shares of the industrial products company’s stock worth $164,000 after buying an additional 935 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. 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 target on the stock. Finally, Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

View Our Latest Report on NWPX

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.

Further Reading

Earnings History for NWPX Infrastructure (NASDAQ:NWPX)

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