NWPX Infrastructure, Inc. (NASDAQ:NWPX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) have received a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $110.00.

NWPX has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. Finally, Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th.

NWPX Infrastructure Stock Performance

NWPX stock traded up $1.24 during midday trading on Friday, hitting $133.89. The company’s stock had a trading volume of 135,881 shares, compared to its average volume of 216,496. The stock’s 50-day moving average price is $125.22 and its 200 day moving average price is $91.74. The company has a quick ratio of 2.06, a current ratio of 2.68 and a debt-to-equity ratio of 0.02. NWPX Infrastructure has a 1 year low of $40.01 and a 1 year high of $152.03. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.45 and a beta of 1.07.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.40. The firm had revenue of $138.25 million during the quarter, compared to analyst estimates of $125.10 million. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%. On average, equities analysts forecast that NWPX Infrastructure will post 4.97 EPS for the current year.

Institutional Trading of NWPX Infrastructure

A number of large investors have recently bought and sold shares of NWPX. Wexford Capital LP bought a new position in shares of NWPX Infrastructure during the 3rd quarter worth $29,000. Simplex Trading LLC lifted its holdings in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 320 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in NWPX Infrastructure during the fourth quarter worth about $71,000. Exchange Traded Concepts LLC purchased a new position in shares of NWPX Infrastructure in the fourth quarter worth about $78,000. Finally, State of Alaska Department of Revenue raised its position in shares of NWPX Infrastructure by 141.5% in the fourth quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 754 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.