NWPX Infrastructure (NASDAQ:NWPX) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• NWPX Infrastructure shares recently crossed above their 200-day moving average of $44.22, closing at $51.07 with a trading volume of 27,939 shares.
• Analysts have an average price target of $57.50 for NWPX shares, with DA Davidson setting a specific target of $60.00.
• The company reported a net margin of 6.69% and earnings per share of $0.91, surpassing analyst estimates for the quarter.

Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $44.22 and traded as high as $51.52. NWPX Infrastructure shares last traded at $51.07, with a volume of 27,939 shares traded.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NWPX shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of NWPX Infrastructure in a research note on Wednesday. DA Davidson set a $60.00 price target on shares of NWPX Infrastructure in a research note on Monday, August 11th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, NWPX Infrastructure currently has an average rating of "Hold" and an average target price of $57.50.

NWPX Infrastructure Stock Performance

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 business's 50 day moving average is $50.78 and its two-hundred day moving average is $44.22. The company has a market cap of $493.03 million, a PE ratio of 15.38, a PEG ratio of 1.48 and a beta of 0.89.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. The company had revenue of $133.18 million for the quarter, compared to analysts' expectations of $120.93 million. On average, equities research analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Insiders Place Their Bets

In other NWPX Infrastructure news, VP Megan A. Kendrick sold 3,500 shares of NWPX Infrastructure stock in a transaction on Monday, August 11th. The shares were sold at an average price of $50.00, for a total value of $175,000.00. Following the sale, the vice president directly owned 10,560 shares in the company, valued at approximately $528,000. The trade was a 24.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aaron Wilkins sold 2,000 shares of NWPX Infrastructure stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $52.24, for a total transaction of $104,480.00. Following the completion of the sale, the chief financial officer owned 24,762 shares in the company, valued at approximately $1,293,566.88. This represents a 7.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,500 shares of company stock worth $433,715. 3.20% of the stock is currently owned by insiders.

Institutional Trading of NWPX Infrastructure

Institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new stake in NWPX Infrastructure in the 1st quarter valued at $37,000. Byrne Asset Management LLC increased its holdings in NWPX Infrastructure by 62.2% in the 1st quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock valued at $99,000 after acquiring an additional 921 shares during the last quarter. Raymond James Financial Inc. bought a new stake in NWPX Infrastructure in the 2nd quarter valued at $163,000. Man Group plc bought a new stake in NWPX Infrastructure in the 2nd quarter valued at $212,000. Finally, Magnetar Financial LLC bought a new stake in NWPX Infrastructure in the 1st quarter valued at $220,000. 80.63% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.