Aaron Wilkins Sells 5,009 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 5,009 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $59.90, for a total transaction of $300,039.10. Following the completion of the sale, the chief financial officer directly owned 19,753 shares in the company, valued at $1,183,204.70. This represents a 20.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Aaron Wilkins also recently made the following trade(s):

• On Tuesday, December 9th, Aaron Wilkins sold 1,241 shares of NWPX Infrastructure stock. The stock was sold at an average price of $60.10, for a total value of $74,584.10.

NWPX Infrastructure Stock Up 0.9%

Shares of NWPX traded up $0.54 during midday trading on Wednesday, hitting $60.17. The stock had a trading volume of 48,212 shares, compared to its average volume of 66,840. The firm has a market cap of $578.23 million, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.94. The company has a 50 day simple moving average of $55.99 and a two-hundred day simple moving average of $49.17. NWPX Infrastructure, Inc. has a twelve month low of $36.97 and a twelve month high of $65.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%.The business had revenue of $151.07 million for the quarter, compared to analyst estimates of $132.01 million. On average, analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

Institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new stake in NWPX Infrastructure in the 3rd quarter worth about $28,000. Wexford Capital LP acquired a new position in NWPX Infrastructure in the 3rd quarter valued at $29,000. CWM LLC grew its holdings in shares of NWPX Infrastructure by 75.8% during the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 251 shares in the last quarter. Byrne Asset Management LLC grew its holdings in shares of NWPX Infrastructure by 20.1% during the 2nd quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 482 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in NWPX Infrastructure in the third quarter valued at about $128,000. Institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NWPX shares. Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Wall Street Zen upgraded NWPX Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. Finally, DA Davidson raised their price target on NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.50.

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.