NWPX · NASDAQ · Construction Materials

NWPX (NWPX)

Builds water-transmission pipe and precast systems for public and private infrastructure projects.

$102.13
vs last close−1.20 (−1.16%)
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NWPX Infrastructure, Inc.NWPX
Materials

Manufactures engineered water-transmission pipe and precast infrastructure products for drinking-water, wastewater, stormwater, and environmental projects. The business combines legacy Northwest Pipe steel pressure-pipe work with acquired Geneva and ParkUSA precast lines, and depends on project timing, competitive bidding, and raw-material inputs.

Manufactures large-diameter steel pipeline systems for drinking-water infrastructure under the Northwest Pipe Company brand. The Water Transmission Systems arm also serves hydroelectric, wastewater, seismic-resiliency, industrial piping, and structural uses with steel casing, bar-wrapped concrete pipe, joints, and fittings.

Extends that water focus through Precast Infrastructure and Engineered Systems, including NWPX Geneva and NWPX Park. These lines supply stormwater and wastewater technology products, reinforced concrete pipe, manholes, box culverts, vaults, catch basins, pump lift stations, oil-water separators, biofiltration units, and other engineered solutions.

Operates mainly in North America with U.S. and Mexico manufacturing exposure, and sells through contractors tied to public agencies and local development work. The business depends on public water-transmission funding, contract backlog conversion, competitive bids, steel and other raw-material inputs, substitute pipe materials, and acquisition integration.

Company facts

CEOScott Montross
ListedNov 30, 1995
ExchangeNASDAQ
HeadquartersVancouver, WA
CountryUnited States
Employees1,318
CIK0001001385
ISINUS6677461013

Market cap$995.8M
EPS (ttm)$4.99
P/E (ttm)20.71
ROE12.2%
P/B2.38
P/S1.73
Dividend yieldDiv yield
Beta1.26vs XLB 0.35

Price target$60.00−41.9%Average of 6 analysts
ConsensusHold4 of 6 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Oct 31, 2025DA DavidsonReiterate
Rating: Target: $60
Rating: BuyTarget: $70
Nov 1, 2024Northland Capital MarketsDowngrade
Rating: Outperform
Rating: Market Perform

Next report
Nov 4, 26
in 42 days
EPS estimate
$1.65
Revenue estimate
$167.7M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25Apr '25Aug '25Oct '25Feb '26Apr '26Jul '26Nov '26
Reported$1.00$0.39$0.91$1.38$0.93$1.08$1.62Pending
Estimate$0.91$0.53$0.72$1.02$0.62$0.68$1.33$1.65
Surprise+9.9%−26.4%+26.4%+35.3%+50.0%+58.8%+21.8%

RevenueReportedEstimate

Feb '25Apr '25Aug '25Oct '25Feb '26Apr '26Jul '26Nov '26
Reported$119.6M$116.1M$133.2M$151.1M$125.6M$138.3M$159.5MPending
Estimate$116.4M$111.9M$120.9M$122.0M$122.0M$125.1M$154.7M$167.7M
Surprise+2.7%+3.7%+10.1%+23.8%+3.0%+10.5%+3.1%
Estimate$1.65
ReportedDue Nov 4, 2026
Estimate$167.7M
ReportedDue Nov 4, 2026
View details

Debt to equity24.00%
Current ratio271.10%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$130.2M$119.6M$116.1M$133.2M$151.1M$125.6M$138.3M$159.5M
Net income$10.3M$10.1M$4.0M$9.1M$13.5M$8.9M$10.5M$15.8M
Net margin7.9%8.4%3.4%6.8%8.9%7.1%7.6%9.9%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$15.4M$10.5M$5.6M$13.2M$19.0M$13.0M$12.7M$21.2M
YoY growth+70.5%+21.7%−35.9%−2.7%+23.3%+24.1%+127.3%+59.8%

Balance sheet, Jun 30, 2026Cash & short-term investments $19.3M · Total debt $100.6M · Total assets $651.9M · Shareholders' equity $418.6M

Revenue
$159.5M
Operating income
$21.2M
Net income
$15.8M
View details

No dividends on record.

Institutions≈ 88.16%8.50M shares
235 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders3.29%317.4K shares
13 holders · as of Sep 23, 2026
Other≈ 8.55%824.1K shares
remainder

9.64M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
9.37%902,793as of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
6.59%635,262as of Jun 30, 2026
Mirae Asset Global Etfs Holdings Ltd.Institution
6.10%588,097as of Jun 30, 2026
Global X Management Company LLCInstitution
5.96%574,423filed May 15, 2025
Vanguard Capital Management LLCInstitution
4.27%411,242as of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 21, 2026Keith R. Larsondirector−1,000$102.31
Sep 21, 2026Aaron Wilkinsofficer: CFO−20$101.93
Sep 14, 2026Keith R. Larsondirector−1,000$101.12
Sep 14, 2026Aaron Wilkinsofficer: CFO−1,950$100.68
Sep 9, 2026Michael C. Fransondirector−3,500$105.30
View details

Compare

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NWPX$102.13−1.16%$995.8M20.720.31.7+19.7%
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Median15.614.52.5+4.8%