Aaron Wilkins Sells 428 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 428 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $120.00, for a total value of $51,360.00. Following the transaction, the chief financial officer owned 25,898 shares in the company, valued at $3,107,760. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

NASDAQ NWPX opened at $113.67 on Thursday. The company has a market cap of $1.10 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.87 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The stock has a 50-day moving average of $131.89 and a two-hundred day moving average of $101.98. NWPX Infrastructure, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The business had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. As a group, analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of NWPX. BlackRock Inc. purchased a new position in NWPX Infrastructure in the second quarter valued at about $329,209,000. William Blair Investment Management LLC purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter worth approximately $23,010,000. Heartland Advisors Inc. purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter worth approximately $20,992,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of NWPX Infrastructure in the 2nd quarter worth approximately $16,659,000. Finally, Deutsche Bank AG acquired a new stake in shares of NWPX Infrastructure in the 2nd quarter worth approximately $3,647,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. 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 stock. Based on data from MarketBeat, NWPX Infrastructure has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

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