NWPX Infrastructure (NASDAQ:NWPX) Sets New 52-Week High – Here’s What Happened
by Amy Steele · The Cerbat GemNWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $66.60 and last traded at $64.71, with a volume of 15869 shares. The stock had previously closed at $63.65.
Analyst Ratings Changes
NWPX has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NWPX Infrastructure in a research report on Wednesday, October 8th. DA Davidson boosted their price target on NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Northland Capmk upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.00.
Check Out Our Latest Report on NWPX Infrastructure
NWPX Infrastructure Stock Performance
The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.62 and a current ratio of 3.60. The stock has a fifty day simple moving average of $60.66 and a two-hundred day simple moving average of $52.71. The stock has a market cap of $621.86 million, a PE ratio of 17.58, a PEG ratio of 1.50 and a beta of 0.94.
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last announced its 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. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.65%. The business had revenue of $151.07 million during the quarter, compared to the consensus estimate of $132.01 million. Equities analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Michael C. Franson sold 5,506 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $60.17, for a total value of $331,296.02. Following the transaction, the director owned 18,525 shares in the company, valued at approximately $1,114,649.25. The trade was a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aaron Wilkins sold 1,241 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $60.10, for a total value of $74,584.10. Following the completion of the transaction, the chief financial officer directly owned 18,512 shares of the company’s stock, valued at $1,112,571.20. This represents a 6.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 28,001 shares of company stock valued at $1,631,008 in the last three months. 3.20% of the stock is owned by insiders.
Institutional Trading of NWPX Infrastructure
Several institutional investors have recently added to or reduced their stakes in NWPX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in NWPX Infrastructure by 2.2% during 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 acquiring an additional 12,272 shares in the last quarter. Royce & Associates LP grew its stake 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 worth $28,433,000 after purchasing an additional 35,768 shares in the last quarter. Legal & General Group Plc increased its holdings in NWPX Infrastructure by 14.4% in 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 during the last quarter. American Century Companies Inc. raised its stake 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 raised 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 valued at $9,870,000 after buying an additional 11,342 shares in the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.
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.