NWPX Infrastructure (NASDAQ:NWPX) Sets New 12-Month High – What’s Next?

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) reached a new 52-week high during trading on Monday . The stock traded as high as $144.35 and last traded at $140.2450, with a volume of 251526 shares traded. The stock had previously closed at $139.19.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. DA Davidson boosted their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings raised NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.00.

NWPX Infrastructure Price Performance

The stock’s fifty day moving average price is $110.39 and its 200-day moving average price is $84.70. 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 market cap of $1.34 billion, a PE ratio of 32.39, a P/E/G ratio of 2.58 and a beta of 1.10.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.40. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. The firm had revenue of $138.25 million for the quarter, compared to the consensus estimate of $125.10 million. As a group, equities analysts forecast that NWPX Infrastructure, Inc. will post 4.97 EPS for the current fiscal year.

Institutional Investors Weigh In On NWPX Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming grew its holdings in NWPX Infrastructure by 4.2% in the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 197 shares during the last quarter. Engineers Gate Manager LP boosted its position in shares of NWPX Infrastructure by 3.6% in the 4th quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock worth $443,000 after buying an additional 245 shares in the last quarter. Simplex Trading LLC boosted its position in shares of NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after buying an additional 320 shares in the last quarter. First Trust Advisors LP grew its stake in NWPX Infrastructure by 1.1% in the 1st quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock valued at $2,392,000 after acquiring an additional 338 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in NWPX Infrastructure by 2.6% during the 3rd quarter. Rhumbline Advisers now owns 14,547 shares of the industrial products company’s stock valued at $770,000 after acquiring an additional 367 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.