NWPX Infrastructure (NASDAQ:NWPX) Reaches New 1-Year High - Here's Why

Key Points

• NWPX reached a new 52-week high — shares traded as high as $89.24 and last at $87.61 on a volume of 111,726 shares.
• Analyst sentiment is broadly positive with an average "Buy" rating and an average target price of $90.00; DA Davidson raised its target from $70 to $90 while individual ratings range from Strong Buy to Hold.
• Recent earnings and balance-sheet metrics support the rally — the company beat quarterly EPS estimates ($0.93 vs. $0.62) with $125.6M revenue, low debt-to-equity (0.02) and strong liquidity (quick ratio 2.66), although insiders have sold shares recently.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $89.24 and last traded at $87.61, with a volume of 111726 shares. The stock had previously closed at $87.85.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Zacks Research raised NWPX Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Monday, March 2nd. Wall Street Zen cut NWPX Infrastructure from a "buy" rating to a "hold" rating in a report on Saturday, April 4th. Weiss Ratings cut NWPX Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, April 9th. Finally, DA Davidson lifted their price objective on NWPX Infrastructure from $70.00 to $90.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $90.00.

NWPX Infrastructure Price Performance

The stock has a market capitalization of $838.43 million, a price-to-earnings ratio of 24.40, a PEG ratio of 1.89 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.66 and a current ratio of 3.78. The company has a fifty day simple moving average of $76.57 and a two-hundred day simple moving average of $65.84.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.31. The firm had revenue of $125.64 million during the quarter, compared to analysts' expectations of $122.00 million. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%. As a group, equities research analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Megan A. Kendrick sold 4,500 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total transaction of $362,655.00. Following the completion of the transaction, the vice president owned 6,996 shares of the company's stock, valued at approximately $563,807.64. The trade was a 39.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Miles Brittain sold 4,000 shares of the business's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $71.01, for a total value of $284,040.00. Following the transaction, the executive vice president directly owned 23,306 shares of the company's stock, valued at $1,654,959.06. This trade represents a 14.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,273 shares of company stock worth $1,490,019 over the last 90 days. Corporate insiders own 3.20% of the company's stock.

Hedge Funds Weigh In On NWPX Infrastructure

A number of institutional investors have recently modified their holdings of NWPX. State of Alaska Department of Revenue acquired a new position in shares of NWPX Infrastructure during the 3rd quarter worth $28,000. Wexford Capital LP acquired a new position in shares of NWPX Infrastructure during the 3rd quarter worth $29,000. Simplex Trading LLC raised its holdings in shares of NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock worth $30,000 after buying an additional 320 shares in the last quarter. CWM LLC raised 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 worth $31,000 after buying an additional 251 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of NWPX Infrastructure during the 4th quarter worth $71,000. Institutional investors and hedge funds 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.

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