NWPX Infrastructure (NASDAQ:NWPX) Given "Hold (C+)" Rating at Weiss Ratings

Key Points

• NWPX Infrastructure has received a "Hold (C+)" rating from Weiss Ratings, with a consensus hold rating and an average price target of $57.50.
• The company's stock opened at $51.07 and has a twelve-month range between $36.97 and $57.76, with a market capitalization of $493.03 million.
• NWPX reported earnings per share of $0.91 for the last quarter, exceeding analysts' expectations, alongside a revenue of $133.18 million.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report)'s stock had its "hold (c+)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, DA Davidson set a $60.00 price target on NWPX Infrastructure in a report on Monday, August 11th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NWPX Infrastructure presently has a consensus rating of "Hold" and an average price target of $57.50.

NWPX Infrastructure Stock Up 1.9%

NWPX Infrastructure stock opened at $51.07 on Wednesday. NWPX Infrastructure has a twelve month low of $36.97 and a twelve month high of $57.76. The stock has a 50 day moving average of $50.78 and a two-hundred day moving average of $44.22. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $493.03 million, a price-to-earnings ratio of 15.38, a PEG ratio of 1.48 and a beta of 0.89.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. The company had revenue of $133.18 million during the quarter, compared to analysts' expectations of $120.93 million. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. As a group, research analysts expect that NWPX Infrastructure will post 3.32 earnings per share for the current year.

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 2,500 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $50.89, for a total transaction of $127,225.00. Following the completion of the transaction, the chief financial officer owned 27,262 shares of the company's stock, valued at approximately $1,387,363.18. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Megan A. Kendrick sold 3,500 shares of the firm's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $175,000.00. Following the transaction, the vice president directly owned 10,560 shares of the company's stock, valued at $528,000. The trade was a 24.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,500 shares of company stock valued at $433,715 in the last three months. 3.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On NWPX Infrastructure

Several hedge funds have recently bought and sold shares of the stock. Illumine Investment Management LLC grew its position in shares of NWPX Infrastructure by 2.7% in the first quarter. Illumine Investment Management LLC now owns 17,734 shares of the industrial products company's stock valued at $732,000 after purchasing an additional 471 shares during the period. Byrne Asset Management LLC grew its position in shares of NWPX Infrastructure by 20.1% in the second quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company's stock valued at $118,000 after purchasing an additional 482 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of NWPX Infrastructure in the first quarter valued at $37,000. Boston Partners grew its position in shares of NWPX Infrastructure by 7.2% in the second quarter. Boston Partners now owns 14,776 shares of the industrial products company's stock valued at $606,000 after purchasing an additional 987 shares during the period. Finally, Advisors Asset Management Inc. grew its position in NWPX Infrastructure by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 33,819 shares of the industrial products company's stock valued at $1,387,000 after acquiring an additional 1,040 shares during the period. Hedge funds and other institutional investors own 80.63% of the company's stock.

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.

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