NWPX Infrastructure (NASDAQ:NWPX) CFO Aaron Wilkins Sells 1,500 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 1,500 shares of the business’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $106.52, for a total transaction of $159,780.00. Following the completion of the sale, the chief financial officer directly owned 24,398 shares of the company’s stock, valued at approximately $2,598,874.96. The trade was a 5.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 10th, Aaron Wilkins sold 428 shares of NWPX Infrastructure stock. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00.

NWPX Infrastructure Price Performance

NASDAQ:NWPX opened at $103.63 on Friday. NWPX Infrastructure, Inc. has a 52 week low of $49.25 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 firm’s 50-day simple moving average is $121.51 and its 200 day simple moving average is $107.80. The firm has a market cap of $998.99 million, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.79 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (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 firm had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. As a group, sell-side analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. One 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 stock. According to data from MarketBeat.com, NWPX Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

Several hedge funds have recently bought and sold shares of the company. Tidal Investments LLC acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at approximately $259,000. Engineers Gate Manager LP boosted its position in shares of NWPX Infrastructure by 49.4% during the 2nd quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company’s stock worth $1,301,000 after acquiring an additional 2,869 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of NWPX Infrastructure during the 2nd quarter worth approximately $471,000. Allworth Financial LP boosted its position in shares of NWPX Infrastructure by 23.0% during the 2nd quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company’s stock worth $4,272,000 after acquiring an additional 5,334 shares in the last quarter. Finally, Waverly Advisors LLC bought a new position in NWPX Infrastructure in the second quarter valued at approximately $421,000. 80.63% of the stock is owned by institutional investors.

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.