NWPX Infrastructure (NASDAQ:NWPX) Reaches New 52-Week High – What’s Next?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $65.84 and last traded at $58.98, with a volume of 90559 shares. The stock had previously closed at $58.95.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NWPX shares. Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a research note on Wednesday, October 8th. Wall Street Zen raised NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, DA Davidson boosted their target price on NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.50.

NWPX Infrastructure Stock Performance

The company’s fifty day simple moving average is $53.54 and its 200 day simple moving average is $46.44. The stock has a market capitalization of $566.80 million, a P/E ratio of 16.03, a P/E/G ratio of 1.64 and a beta of 0.91. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.36. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.71%. The firm had revenue of $151.07 million during the quarter, compared to analyst estimates of $132.01 million. As a group, sell-side analysts forecast that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 2,500 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $50.89, for a total value of $127,225.00. Following the completion of the transaction, the chief financial officer directly owned 27,262 shares in the company, valued at approximately $1,387,363.18. This represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 5,000 shares of company stock worth $258,715. 3.20% of the stock is owned by insiders.

Institutional Trading of NWPX Infrastructure

Hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC increased its holdings in NWPX Infrastructure by 374.6% during the first quarter. Cubist Systematic Strategies LLC now owns 22,180 shares of the industrial products company’s stock valued at $916,000 after buying an additional 17,507 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of NWPX Infrastructure by 673.9% during the 1st quarter. Acadian Asset Management LLC now owns 24,967 shares of the industrial products company’s stock valued at $1,029,000 after acquiring an additional 21,741 shares during the period. Vanguard Group Inc. increased its stake in shares of NWPX Infrastructure by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company’s stock worth $21,793,000 after purchasing an additional 8,837 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in NWPX Infrastructure in the 2nd quarter worth $2,092,000. Finally, AlphaQuest LLC lifted its position in NWPX Infrastructure by 115.4% during the second quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock valued at $483,000 after purchasing an additional 6,307 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

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.