NWPX Infrastructure (NASDAQ:NWPX) Stock Passes Above 200 Day Moving Average – Time to Sell?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $51.53 and traded as high as $64.00. NWPX Infrastructure shares last traded at $63.16, with a volume of 37,991 shares trading hands.

Wall Street Analyst Weigh In

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

NWPX Infrastructure Price Performance

The firm has a market cap of $606.97 million, a P/E ratio of 17.16, a PEG ratio of 1.77 and a beta of 0.94. The business’s fifty day simple moving average is $59.33 and its 200-day simple moving average is $51.53. The company has a current ratio of 3.60, a quick ratio of 2.62 and a debt-to-equity ratio of 0.10.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.36. The company had revenue of $151.07 million during the quarter, compared to analysts’ expectations of $132.01 million. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%. As a group, analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Insider Activity

In related news, CEO Scott J. Montross sold 8,210 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $57.27, for a total transaction of $470,186.70. Following the sale, the chief executive officer owned 68,781 shares of the company’s stock, valued at approximately $3,939,087.87. This represents a 10.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael C. Franson sold 5,506 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $60.17, for a total transaction of $331,296.02. Following the completion of the sale, the director owned 18,525 shares in the company, valued at $1,114,649.25. This represents a 22.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 28,001 shares of company stock valued at $1,631,008. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NWPX. State of Alaska Department of Revenue purchased a new stake in shares of NWPX Infrastructure in the third quarter worth $28,000. Wexford Capital LP purchased a new position in NWPX Infrastructure during the third quarter worth about $29,000. CWM LLC increased its stake in NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 251 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of NWPX Infrastructure in the 3rd quarter valued at about $128,000. Finally, Byrne Asset Management LLC raised its holdings in shares of NWPX Infrastructure by 20.1% in the 2nd quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 482 shares in the last quarter. 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.