NWPX Infrastructure (NASDAQ:NWPX) Director Sells 1,000 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of the company’s stock in a transaction on Monday, September 28th. The stock was sold at an average price of $102.20, for a total transaction of $102,200.00. Following the completion of the sale, the director owned 14,633 shares of the company’s stock, valued at approximately $1,495,492.60. The trade was a 6.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

NASDAQ NWPX traded down $0.32 on Wednesday, hitting $102.03. 18,621 shares of the stock traded hands, compared to its average volume of 146,762. The business’s fifty day moving average is $112.74 and its two-hundred day moving average is $110.11. NWPX Infrastructure, Inc. has a 12 month low of $49.25 and a 12 month 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 has a market capitalization of $983.62 million, a price-to-earnings ratio of 20.45, a PEG ratio of 1.73 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last posted its 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 return on equity of 12.22% and a net margin of 8.49%.The business had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. As a group, equities analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter worth approximately $259,000. Engineers Gate Manager LP increased its position in shares of NWPX Infrastructure by 49.4% in the second 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 second quarter valued at about $471,000. Allworth Financial LP boosted its stake 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 valued at $4,272,000 after buying an additional 5,334 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in NWPX Infrastructure in the second quarter valued at about $421,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analysts Set New Price Targets

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