NWPX Infrastructure (NASDAQ:NWPX) Raised to Strong-Buy at Wall Street Zen

NWPX Infrastructure (NASDAQ:NWPXGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Several other brokerages also recently issued reports on NWPX. DA Davidson upped their price objective 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. Weiss Ratings lowered NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. Finally, Northland Securities upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $70.00.

View Our Latest Stock Report on NWPX Infrastructure

NWPX Infrastructure Stock Down 5.0%

NWPX opened at $77.60 on Friday. The firm has a market cap of $745.74 million, a P/E ratio of 21.62, a PEG ratio of 1.93 and a beta of 0.96. The business’s fifty day simple moving average is $69.01 and its 200 day simple moving average is $59.96. NWPX Infrastructure has a 52 week low of $36.97 and a 52 week high of $82.76. The company has a quick ratio of 2.62, a current ratio of 3.60 and a debt-to-equity ratio of 0.10.

NWPX Infrastructure (NASDAQ:NWPXGet Free Report) last announced its earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.35%. The firm had revenue of $125.64 million during the quarter, compared to the consensus estimate of $122.00 million. As a group, equities research analysts anticipate that NWPX Infrastructure will post 3.32 EPS for the current fiscal year.

Insider Buying and Selling

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 5,009 shares of NWPX Infrastructure stock in a transaction on Monday, December 8th. The shares were sold at an average price of $59.90, for a total value of $300,039.10. Following the transaction, the chief financial officer owned 19,753 shares in the company, valued at $1,183,204.70. This trade represents a 20.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael C. Franson sold 5,506 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $60.17, for a total transaction of $331,296.02. Following the sale, the director directly owned 18,525 shares of the company’s stock, valued at $1,114,649.25. This represents a 22.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 11,791 shares of company stock worth $708,142. 3.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NWPX Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NWPX Infrastructure by 2.2% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company’s stock worth $30,453,000 after purchasing an additional 12,272 shares during the period. Royce & Associates LP raised its holdings in NWPX Infrastructure by 7.1% in the third quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after buying an additional 35,768 shares during the period. Legal & General Group Plc lifted its position in NWPX Infrastructure by 14.4% during the second quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock valued at $13,280,000 after buying an additional 40,751 shares in the last quarter. American Century Companies Inc. lifted its position in NWPX Infrastructure by 2.6% during the second quarter. American Century Companies Inc. now owns 246,430 shares of the industrial products company’s stock valued at $10,106,000 after buying an additional 6,258 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in NWPX Infrastructure by 4.9% during the second quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock worth $9,870,000 after buying an additional 11,342 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

NWPX Infrastructure News Summary

Here are the key news stories impacting NWPX Infrastructure this week:

About NWPX Infrastructure

(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.

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