NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) shares passed 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.
Analyst Ratings Changes
Separately, DA Davidson set a $60.00 target price on NWPX Infrastructure in a research note on Monday.
Check Out Our Latest Report on NWPX
NWPX Infrastructure Price Performance
The company has a quick ratio of 2.76, a current ratio of 3.95 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $42.31 and a two-hundred day moving average price of $42.73. The stock has a market capitalization of $497.36 million, a P/E ratio of 15.52, a P/E/G ratio of 1.54 and a beta of 0.93.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. The firm had revenue of $133.18 million during the quarter, compared to the consensus estimate of $120.93 million. On average, analysts expect that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.
Insider Buying and Selling at NWPX Infrastructure
In related news, VP Megan A. Kendrick sold 3,500 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $175,000.00. Following the sale, the vice president directly owned 10,560 shares of the company's stock, valued at $528,000. This trade represents a 24.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.20% of the stock is owned by insiders.
Institutional Investors Weigh In On NWPX Infrastructure
Several institutional investors have recently modified their holdings of NWPX. JPMorgan Chase & Co. boosted its position in shares of NWPX Infrastructure by 27.8% during the fourth quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company's stock valued at $3,478,000 after buying an additional 15,690 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of NWPX Infrastructure by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company's stock valued at $10,814,000 after buying an additional 801 shares during the last quarter. Invesco Ltd. boosted its position in shares of NWPX Infrastructure by 10.9% during the fourth quarter. Invesco Ltd. now owns 74,218 shares of the industrial products company's stock valued at $3,582,000 after buying an additional 7,278 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of 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 buying an additional 21,400 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in NWPX Infrastructure in the fourth quarter worth about $322,000. 80.63% of the stock is owned by hedge funds and other institutional investors.
About NWPX Infrastructure
(
Get Free Report)
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.
See Also
Before you consider NWPX Infrastructure, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NWPX Infrastructure wasn't on the list.
While NWPX Infrastructure currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
