NWPX Infrastructure (NASDAQ:NWPX) Reaches New 12-Month High – Should You Buy?

NWPX Infrastructure, Inc. (NASDAQ:NWPX) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $116.28 and last traded at $115.12, with a volume of 7155 shares traded. The stock had previously closed at $112.26.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NWPX shares. Zacks Research lowered 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 report on Friday, May 8th. Wall Street Zen upgraded NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, DA Davidson increased their price objective on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $90.00.

NWPX Infrastructure Stock Up 4.0%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.68. The firm has a fifty day moving average price of $89.54 and a 200 day moving average price of $74.50. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.07 and a beta of 1.06.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.68 by $0.40. The business had revenue of $138.25 million during the quarter, compared to analysts’ expectations of $125.10 million. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%. As a group, sell-side analysts expect that NWPX Infrastructure, Inc. will post 4.94 EPS for the current fiscal year.

Insider Transactions at NWPX Infrastructure

In related news, Director Amanda Julian sold 3,473 shares of NWPX Infrastructure stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.98, for a total transaction of $249,986.54. Following the completion of the transaction, the director directly owned 10,417 shares of the company’s stock, valued at approximately $749,815.66. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Megan A. Kendrick sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total value of $362,655.00. Following the transaction, the vice president directly owned 6,996 shares of the company’s stock, valued at $563,807.64. The trade was a 39.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 20,273 shares of company stock valued at $1,490,019. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On NWPX Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of NWPX Infrastructure by 20.2% in the first quarter. Bank of America Corp DE now owns 22,705 shares of the industrial products company’s stock valued at $1,768,000 after purchasing an additional 3,811 shares during the period. Empowered Funds LLC grew its position in shares of NWPX Infrastructure by 8.1% in the first quarter. Empowered Funds LLC now owns 55,293 shares of the industrial products company’s stock valued at $4,305,000 after purchasing an additional 4,162 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of NWPX Infrastructure in the first quarter valued at $201,000. Quantinno Capital Management LP grew its position in shares of NWPX Infrastructure by 67.3% in the first quarter. Quantinno Capital Management LP now owns 8,941 shares of the industrial products company’s stock valued at $696,000 after purchasing an additional 3,596 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of NWPX Infrastructure by 21.3% in the first quarter. Lazard Asset Management LLC now owns 84,574 shares of the industrial products company’s stock valued at $6,585,000 after purchasing an additional 14,870 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

About NWPX Infrastructure

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.