Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) EVP Sells $499,230.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Michael Wray sold 4,500 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $110.94, for a total transaction of $499,230.00. Following the completion of the transaction, the executive vice president directly owned 23,886 shares of the company’s stock, valued at approximately $2,649,912.84. This represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Price Performance

Shares of NWPX stock opened at $112.03 on Monday. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $128.04 and its 200-day moving average is $105.67. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.88 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share 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 business had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. Sell-side analysts forecast that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Institutional Trading of NWPX Infrastructure

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in NWPX Infrastructure during the 2nd quarter worth approximately $329,209,000. William Blair Investment Management LLC bought a new stake in NWPX Infrastructure in the second quarter valued at approximately $23,010,000. Legal & General Group Plc acquired a new stake in NWPX Infrastructure in the second quarter worth $42,751,000. Bank of America Corp DE acquired a new stake in NWPX Infrastructure in the second quarter worth $8,069,000. Finally, Heartland Advisors Inc. bought a new position in shares of NWPX Infrastructure during the second quarter worth $20,992,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NWPX has been the subject of several recent research reports. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.