NWPX Infrastructure (NASDAQ:NWPX) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• NWPX Infrastructure's stock has passed its 200-day moving average, currently trading at $49.50, and was previously at a high of $50.60 during trading.
• Analysts from DA Davidson have set a price target of $60.00 for NWPX Infrastructure, anticipating growth in the company's stock value.
• The company reported earnings of $0.91 per share for the last quarter, exceeding analyst expectations significantly with a revenue of $133.18 million.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $42.54 and traded as high as $50.60. NWPX Infrastructure shares last traded at $49.50, with a volume of 105,038 shares changing hands.

Wall Street Analysts Forecast Growth

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

NWPX Infrastructure Stock Performance

The company has a quick ratio of 2.76, a current ratio of 4.02 and a debt-to-equity ratio of 0.10. The company's 50-day moving average is $41.30 and its two-hundred day moving average is $42.54. The company has a market capitalization of $489.06 million, a P/E ratio of 14.91, a PEG ratio of 3.29 and a beta of 0.93.

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 the consensus estimate of $0.72 by $0.19. The company had revenue of $133.18 million for 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%. Equities analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NWPX. New York State Teachers Retirement System bought a new position in NWPX Infrastructure during the first quarter valued at approximately $37,000. SG Americas Securities LLC grew its position in NWPX Infrastructure by 54.3% during the first quarter. SG Americas Securities LLC now owns 7,571 shares of the industrial products company's stock valued at $313,000 after acquiring an additional 2,663 shares during the last quarter. Assenagon Asset Management S.A. grew its position in NWPX Infrastructure by 9.1% during the first quarter. Assenagon Asset Management S.A. now owns 53,875 shares of the industrial products company's stock valued at $2,225,000 after acquiring an additional 4,509 shares during the last quarter. Renaissance Technologies LLC grew its position in NWPX Infrastructure by 198.1% during the fourth quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company's stock valued at $1,554,000 after acquiring an additional 21,400 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in NWPX Infrastructure by 27.4% during the fourth quarter. Two Sigma Investments LP now owns 35,297 shares of the industrial products company's stock valued at $1,703,000 after acquiring an additional 7,593 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.

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.

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