NWPX Infrastructure's (NWPX) Hold (C+) Rating Reiterated at Weiss Ratings

Key Points

• NWPX Infrastructure has received a "hold (C+)" rating from Weiss Ratings, indicating analysts have a cautious outlook on the stock.
• DA Davidson set a price objective of $60.00 for NWPX shares, which currently have a consensus rating of "Hold" and an average price target of $57.50.
• The company reported $0.91 EPS for the last quarter, exceeding estimates by $0.19, with total revenue of $133.18 million against expectations of $120.93 million.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report)'s stock had its "hold (c+)" rating restated by analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Separately, DA Davidson set a $60.00 price objective on shares of NWPX Infrastructure in a research note on Monday, August 11th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $57.50.

NWPX Infrastructure Stock Performance

NWPX opened at $54.97 on Friday. NWPX Infrastructure has a 12-month low of $36.97 and a 12-month high of $57.76. 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 firm has a market capitalization of $530.46 million, a PE ratio of 16.56, a P/E/G ratio of 1.62 and a beta of 0.89. The firm has a 50 day moving average of $52.19 and a two-hundred day moving average of $45.15.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $120.93 million. On average, analysts anticipate that NWPX Infrastructure will post 3.32 EPS for the current year.

Insider Buying and Selling

In other news, CFO Aaron Wilkins sold 2,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer owned 24,762 shares of the company's stock, valued at $1,293,566.88. This trade represents a 7.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $175,000.00. Following the completion of the sale, the vice president directly owned 10,560 shares in the company, valued at $528,000. This represents a 24.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,500 shares of company stock worth $433,715 in the last ninety days. Corporate insiders own 3.20% of the company's stock.

Institutional Investors Weigh In On NWPX Infrastructure

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new stake in NWPX Infrastructure in the 3rd quarter valued at $28,000. CWM LLC grew its stake in NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 251 shares during the period. New York State Teachers Retirement System acquired a new stake in NWPX Infrastructure in the 1st quarter valued at $37,000. Byrne Asset Management LLC grew its stake in NWPX Infrastructure by 20.1% in the 2nd quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company's stock valued at $118,000 after acquiring an additional 482 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in NWPX Infrastructure in the 3rd quarter valued at $128,000. 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.

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