Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CEO Sells $321,550.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $128.62, for a total transaction of $321,550.00. Following the sale, the chief executive officer directly owned 78,629 shares of the company’s stock, valued at $10,113,261.98. This represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Up 1.0%

Shares of NASDAQ NWPX opened at $119.72 on Friday. The company has a market capitalization of $1.15 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 1.99 and a beta of 1.09. NWPX Infrastructure, Inc. has a 52-week low of $44.44 and a 52-week high of $152.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The company’s 50 day moving average price is $132.24 and its 200-day moving average price is $100.81.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The company had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. Equities analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

A number of hedge funds have recently added to or reduced their stakes in NWPX. BlackRock Inc. acquired a new stake in NWPX Infrastructure in the 2nd quarter valued at $329,209,000. Deutsche Bank AG acquired a new position in NWPX Infrastructure during the second quarter worth $3,647,000. LSV Asset Management raised its holdings in NWPX Infrastructure by 106.9% during the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after buying an additional 74,158 shares during the last quarter. Crown Advisors Management Inc. acquired a new position in NWPX Infrastructure during the second quarter worth $10,496,000. Finally, Franklin Resources Inc. lifted its stake in shares of NWPX Infrastructure by 527.6% in the fourth quarter. Franklin Resources Inc. now owns 70,923 shares of the industrial products company’s stock valued at $4,432,000 after buying an additional 59,623 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NWPX shares. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $110.00.

About NWPX Infrastructure

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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.