NWPX Infrastructure (NASDAQ:NWPX) Director Keith Larson Sells 1,000 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $105.87, for a total transaction of $105,870.00. Following the transaction, the director directly owned 17,633 shares in the company, valued at approximately $1,866,805.71. The trade was a 5.37% decrease in their position. The sale was disclosed in a filing 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 Performance

NWPX stock opened at $103.63 on Friday. The firm has a 50 day moving average of $121.51 and a two-hundred day moving average of $107.80. NWPX Infrastructure, Inc. has a 12 month low of $49.25 and a 12 month high of $152.03. The company has a market capitalization 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. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NWPX shares. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC bought a new position in shares of NWPX Infrastructure during the 2nd quarter worth about $259,000. Engineers Gate Manager LP grew its position in NWPX Infrastructure by 49.4% during the second quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company’s stock worth $1,301,000 after buying an additional 2,869 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in NWPX Infrastructure during the second quarter worth about $471,000. Allworth Financial LP increased its stake in NWPX Infrastructure by 23.0% during the second quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company’s stock valued at $4,272,000 after acquiring an additional 5,334 shares during the period. Finally, Waverly Advisors LLC acquired a new position in NWPX Infrastructure in the 2nd quarter valued at approximately $421,000. 80.63% of the stock is currently owned by institutional investors.

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.