NWPX Infrastructure, Inc. (NASDAQ:NWPX) Receives $110.00 Consensus Target Price from Analysts

NWPX Infrastructure, Inc. (NASDAQ:NWPX) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $110.00.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in NWPX Infrastructure by 19.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 101,961 shares of the industrial products company’s stock worth $6,372,000 after purchasing an additional 16,434 shares during the period. Legal & General Group Plc boosted its stake in shares of NWPX Infrastructure by 3.3% during the fourth quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock valued at $12,560,000 after purchasing an additional 6,440 shares during the period. LSV Asset Management grew its holdings in shares of NWPX Infrastructure by 106.9% in the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after purchasing an additional 74,158 shares during the last quarter. Ellsworth Advisors LLC bought a new position in shares of NWPX Infrastructure in the fourth quarter worth approximately $1,031,000. Finally, Congruence Capital LLC purchased a new position in shares of NWPX Infrastructure in the fourth quarter worth $3,508,000. Institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Trading Up 0.3%

NASDAQ:NWPX opened at $132.65 on Friday. NWPX Infrastructure has a 1 year low of $40.01 and a 1 year high of $152.03. The stock’s fifty day moving average price is $124.26 and its two-hundred day moving average price is $91.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.68 and a quick ratio of 2.06. The company has a market cap of $1.28 billion, a P/E ratio of 30.99, a P/E/G ratio of 2.42 and a beta of 1.07.

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

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.