NWPX Infrastructure (NASDAQ:NWPX) Issues Earnings Results

Key Points

• NWPX Infrastructure reported earnings of $0.91 per share, exceeding analysts' expectations of $0.72 by $0.19.
• The company generated $133.18 million in revenue for the quarter, surpassing forecasts of $120.93 million.
• Institutional investors own 80.63% of NWPX Infrastructure's stock, indicating strong support from major financial institutions.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) posted its quarterly earnings results on Thursday. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19, Zacks reports. The business had revenue of $133.18 million during the quarter, compared to analysts' expectations of $120.93 million. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.98%.

NWPX Infrastructure Stock Up 2.5%

Shares of NWPX stock traded up $1.26 during trading on Tuesday, hitting $50.76. 486 shares of the company were exchanged, compared to its average volume of 69,373. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.76 and a current ratio of 4.02. The firm has a market capitalization of $501.51 million, a price-to-earnings ratio of 15.28, a P/E/G ratio of 3.29 and a beta of 0.93. The business's 50-day simple moving average is $41.30 and its 200 day simple moving average is $42.54. NWPX Infrastructure has a twelve month low of $36.97 and a twelve month high of $57.76.

Institutional Trading of NWPX Infrastructure

Institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC lifted its stake in NWPX Infrastructure by 5.6% in the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company's stock valued at $1,998,000 after acquiring an additional 2,547 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in NWPX Infrastructure in the first quarter valued at approximately $224,000. Goldman Sachs Group Inc. lifted its stake in NWPX Infrastructure by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company's stock valued at $1,835,000 after acquiring an additional 6,510 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in NWPX Infrastructure by 274.8% in the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company's stock valued at $1,193,000 after acquiring an additional 21,179 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $60.00 price target on shares of NWPX Infrastructure in a report on Monday.

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.