NWPX Infrastructure (NASDAQ:NWPX) Shares Cross Above 200 Day Moving Average – What’s Next?

NWPX Infrastructure, Inc. (NASDAQ:NWPX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $87.16 and traded as high as $151.92. NWPX Infrastructure shares last traded at $149.37, with a volume of 202,005 shares.

Wall Street Analysts Forecast Growth

NWPX has been the topic of a number of recent analyst reports. Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. 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 objective for the company. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. DA Davidson raised their target price on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Stock Up 0.9%

The company has a 50-day moving average of $115.35 and a 200-day moving average of $87.16. The company has a current ratio of 2.68, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 2.71 and a beta of 1.10.

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

Hedge Funds Weigh In On NWPX Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of NWPX. Simplex Trading LLC grew its position in NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 320 shares during the last quarter. Wexford Capital LP purchased a new position in shares of NWPX Infrastructure in the third quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new position in shares of NWPX Infrastructure in the fourth quarter worth $71,000. Exchange Traded Concepts LLC acquired a new stake in shares of NWPX Infrastructure during the fourth quarter worth $78,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of NWPX Infrastructure by 141.5% during the fourth quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock worth $80,000 after buying 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.