NWPX Infrastructure (NASDAQ:NWPX) Hits New 12-Month High – What’s Next?
by Amy Steele · The Cerbat GemNWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $70.99 and last traded at $69.1820, with a volume of 51863 shares. The stock had previously closed at $68.75.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Northland Securities raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. DA Davidson raised their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.00.
Check Out Our Latest Analysis on NWPX
NWPX Infrastructure Stock Up 0.3%
The stock has a market capitalization of $662.85 million, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 1.60 and a beta of 0.96. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62. The stock has a fifty day moving average price of $63.91 and a 200 day moving average price of $56.01.
Insider Activity
In other news, Director Michael C. Franson sold 5,506 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $60.17, for a total value of $331,296.02. Following the completion of the transaction, the director directly owned 18,525 shares in the company, valued at approximately $1,114,649.25. This trade represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott J. Montross sold 8,210 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $57.27, for a total transaction of $470,186.70. Following the sale, the chief executive officer directly owned 68,781 shares in the company, valued at $3,939,087.87. This trade represents a 10.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 28,001 shares of company stock valued at $1,631,008. Corporate insiders own 3.20% of the company’s stock.
Institutional Investors Weigh In On NWPX Infrastructure
Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue bought a new position in NWPX Infrastructure during the third quarter valued at approximately $28,000. Wexford Capital LP purchased a new stake in shares of NWPX Infrastructure in the 3rd quarter valued at $29,000. CWM LLC grew its holdings in shares of NWPX Infrastructure by 75.8% during the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 251 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in NWPX Infrastructure in the 4th quarter worth $78,000. Finally, SG Americas Securities LLC bought a new stake in NWPX Infrastructure in the third quarter worth $128,000. Institutional investors 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.