Richard Roman Sells 4,000 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Richard Roman sold 4,000 shares of NWPX Infrastructure stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $105.72, for a total transaction of $422,880.00. Following the completion of the transaction, the director directly owned 30,340 shares in the company, valued at $3,207,544.80. The trade was a 11.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Up 1.0%

NWPX stock opened at $104.64 on Friday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09. The company has a fifty day moving average price of $120.86 and a 200 day moving average price of $107.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. NWPX Infrastructure, Inc. has a 12 month low of $49.25 and a 12 month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping 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 company had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. Sell-side analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NWPX has been the subject of several analyst reports. JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective for the company. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. One equities 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.00.

Institutional Trading of NWPX Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new position in NWPX Infrastructure during the second quarter worth about $41,000. Simplex Trading LLC boosted its holdings in 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 purchasing an additional 320 shares in the last quarter. Wexford Capital LP purchased a new stake in NWPX Infrastructure in the 3rd quarter valued at approximately $29,000. State of Wyoming acquired a new position in NWPX Infrastructure during the 2nd quarter worth approximately $98,000. Finally, Central Pacific Bank Trust Division acquired a new position in NWPX Infrastructure during the 2nd quarter worth approximately $156,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Key NWPX Infrastructure News

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

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.