NWPX Infrastructure, Inc. (NASDAQ:NWPX) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analyst sentiment is moderately positive: Five analysts collectively rate NWPX Infrastructure a “Moderate Buy,” with two buy ratings, one strong buy, and two holds. The average 12-month price target is $110.
• Insiders have been selling shares: Company insiders sold 54,335 shares worth approximately $5.87 million over the past 90 days, including sales by Senior Vice President Eric Stokes and Director Richard Roman under pre-arranged trading plans.
• Recent financial results exceeded expectations: NWPX reported quarterly earnings of $1.62 per share versus the $1.33 consensus estimate, while revenue of $159.48 million also surpassed forecasts.

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) have received an average rating of "Moderate Buy" from the five research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $110.00.

Separately, Weiss Ratings downgraded NWPX Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, October 2nd.

Insider Transactions at NWPX Infrastructure

In other news, SVP Eric Stokes sold 12,631 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $105.86, for a total value of $1,337,117.66. Following the transaction, the senior vice president directly owned 12,643 shares of the company's stock, valued at $1,338,387.98. This represents a 49.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Richard Roman sold 4,000 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $105.72, for a total transaction of $422,880.00. Following the sale, the director owned 30,340 shares of the company's stock, valued at approximately $3,207,544.80. This represents a 11.65% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 54,335 shares of company stock valued at $5,872,271. Corporate insiders own 3.30% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NWPX. Central Pacific Bank Trust Division lifted its holdings in shares of NWPX Infrastructure by 168.9% during the third quarter. Central Pacific Bank Trust Division now owns 2,797 shares of the industrial products company's stock worth $288,000 after buying an additional 1,757 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of NWPX Infrastructure in the second quarter valued at about $259,000. Engineers Gate Manager LP grew its stake in shares of NWPX Infrastructure by 49.4% in the second quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company's stock valued at $1,301,000 after acquiring an additional 2,869 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of NWPX Infrastructure in the second quarter valued at about $471,000. Finally, Allworth Financial LP increased its position in NWPX Infrastructure by 23.0% during the second quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company's stock worth $4,272,000 after acquiring an additional 5,334 shares during the period. 80.63% of the stock is owned by institutional investors.

NWPX Infrastructure Price Performance

NASDAQ:NWPX opened at $99.22 on Tuesday. NWPX Infrastructure has a 12-month low of $49.59 and a 12-month high of $152.03. The firm has a market capitalization of $956.18 million, a price-to-earnings ratio of 19.88, a P/E/G ratio of 1.70 and a beta of 1.08. The stock's 50 day moving average price is $108.30 and its two-hundred day moving average price is $112.02. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02.

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

NWPX Infrastructure Company Profile

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.

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