Michael Franson Sells 3,500 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Michael Franson sold 3,500 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $105.30, for a total value of $368,550.00. Following the sale, the director owned 15,924 shares of the company’s stock, valued at $1,676,797.20. This trade represents a 18.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NWPX Infrastructure Stock Performance

Shares of NWPX Infrastructure stock opened at $104.64 on Friday. The company has a market capitalization of $1.01 billion, a PE ratio of 20.97, a P/E/G ratio of 1.75 and a beta of 1.09. 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 has a 50-day simple moving average of $120.86 and a two-hundred day simple moving average of $107.78. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating 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 analyst estimates of $154.70 million. Research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. State of Wyoming boosted its holdings in NWPX Infrastructure by 4.2% in the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 197 shares during the last quarter. Engineers Gate Manager LP raised its stake in shares of NWPX Infrastructure by 3.6% during the 4th quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock valued at $443,000 after buying an additional 245 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of NWPX Infrastructure during the 2nd quarter valued at about $41,000. Simplex Trading LLC lifted its holdings in shares of NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after buying an additional 320 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of NWPX Infrastructure by 1.1% in the 1st quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock valued at $2,392,000 after buying an additional 338 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure News Roundup

Here are the key news stories impacting NWPX Infrastructure this week:

• Positive Sentiment: Analyst sentiment remains moderately bullish: NWPX has an average rating of “Moderate Buy,” with one Strong Buy, two Buy ratings and two Hold ratings. The average price target is $110, modestly above the stock’s recent trading level. Analyst and stock analysis reference
• Positive Sentiment: Institutional ownership is high at approximately 80.6%. BlackRock, Legal & General, Heartland Advisors and other investors recently established or increased positions, providing a potentially supportive ownership base.
• Positive Sentiment: NWPX’s latest reported quarter showed stronger-than-expected results, with earnings of $1.62 per share versus the $1.33 consensus estimate and revenue of $159.48 million versus expectations of $154.70 million.
• Neutral Sentiment: Reported short interest was zero shares as of September 10, unchanged from the prior report. Because the figures show no meaningful short position, short-covering is unlikely to be a significant near-term catalyst.
• Negative Sentiment: Director Michael Franson sold 3,500 shares for approximately $368,550, reducing his position by 18.0%. SEC filing
• Negative Sentiment: Director Richard Roman sold 4,000 shares for about $422,880, while CFO Aaron Wilkins sold 1,500 shares worth roughly $159,780. Director Keith Larson also sold 1,000 shares for $105,870. The Roman, Larson and Wilkins transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling value. Insider sales report

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NWPX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

NWPX Infrastructure Company Profile

NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.

Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.