Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) Director Sells $26,620.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 250 shares of the business’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $106.48, for a total value of $26,620.00. Following the transaction, the director directly owned 14,383 shares of the company’s stock, valued at $1,531,501.84. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

NASDAQ:NWPX opened at $100.73 on Friday. The stock’s 50-day simple moving average is $109.30 and its 200 day simple moving average is $111.70. The firm has a market capitalization of $971.04 million, a PE ratio of 20.19, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. 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, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last posted 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. The company had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Institutional Investors Weigh In On NWPX Infrastructure

A number of institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in shares of NWPX Infrastructure during the second quarter worth about $41,000. State of Wyoming bought a new stake in NWPX Infrastructure in the second quarter valued at approximately $98,000. Central Pacific Bank Trust Division bought a new stake in NWPX Infrastructure in the second quarter valued at approximately $156,000. Quantbot Technologies LP acquired a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $197,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in NWPX Infrastructure during the 1st quarter valued at approximately $201,000. Institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NWPX. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings downgraded NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

About NWPX Infrastructure

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.