NWPX Infrastructure, Inc. (NASDAQ:NWPX) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate NWPX Infrastructure a “Moderate Buy.” The consensus includes two hold ratings, two buys, and one strong buy, with an average 12-month price target of $110.
• NWPX exceeded quarterly expectations, reporting earnings of $1.62 per share versus the $1.33 consensus estimate and revenue of $159.48 million versus $154.70 million expected.
• Insiders sold shares while institutional ownership remains high. Company insiders sold 27,081 shares worth $3.02 million over the past 90 days, while institutional investors own 80.63% of the stock.

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two 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 1 year target price among analysts that have covered the stock in the last year is $110.00.

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 price objective for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th.

Insiders Place Their Bets

In related news, CEO Scott J. Montross sold 1,227 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $110.58, for a total value of $135,681.66. Following the completion of the transaction, the chief executive officer directly owned 69,902 shares of the company's stock, valued at approximately $7,729,763.16. This trade represents a 1.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 1,500 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $106.52, for a total transaction of $159,780.00. Following the completion of the sale, the chief financial officer directly owned 24,398 shares in the company, valued at approximately $2,598,874.96. The trade was a 5.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,081 shares of company stock worth $3,024,932 in the last ninety days. 3.30% of the stock is owned by corporate insiders.

Institutional Trading of NWPX Infrastructure

Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in NWPX Infrastructure in the 2nd quarter worth approximately $41,000. State of Wyoming purchased a new stake in shares of NWPX Infrastructure during the second quarter valued at approximately $98,000. Central Pacific Bank Trust Division bought a new position in shares of NWPX Infrastructure in the second quarter worth approximately $156,000. Quantbot Technologies LP purchased a new position in shares of NWPX Infrastructure in the second quarter worth $197,000. Finally, The Manufacturers Life Insurance Company bought a new stake in NWPX Infrastructure during the 1st quarter valued at $201,000. Institutional investors own 80.63% of the company's stock.

NWPX Infrastructure Price Performance

NWPX stock opened at $103.03 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The company's 50-day moving average is $118.14 and its 200-day moving average is $108.74. The stock has a market capitalization of $993.21 million, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.71 and a beta of 1.09. NWPX Infrastructure has a 1 year low of $49.25 and a 1 year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The business had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. Equities research analysts expect that NWPX Infrastructure will post 5.43 EPS for the current fiscal year.

About NWPX Infrastructure

NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.

Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.

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