NWPX Infrastructure (NASDAQ:NWPX) CFO Sells $104,480.00 in Stock

Key Points

• CFO Aaron Wilkins sold 2,000 shares of NWPX Infrastructure stock at an average price of $52.24, totaling $104,480, decreasing his ownership by 7.47%.
• NWPX Infrastructure recently reported earnings of $0.91 EPS, surpassing estimates of $0.72, and achieved a revenue of $133.18 million against expectations of $120.93 million.
• The company has an average rating of "Hold" from analysts, with a target price of $57.50, while its stock has experienced a 0.1% decrease in trading.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) CFO Aaron Wilkins sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $52.24, for a total value of $104,480.00. Following the transaction, the chief financial officer owned 24,762 shares in the company, valued at $1,293,566.88. This represents a 7.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Aaron Wilkins also recently made the following trade(s):

• On Friday, August 29th, Aaron Wilkins sold 500 shares of NWPX Infrastructure stock. The stock was sold at an average price of $54.02, for a total value of $27,010.00.
• On Friday, August 22nd, Aaron Wilkins sold 2,500 shares of NWPX Infrastructure stock. The stock was sold at an average price of $50.89, for a total value of $127,225.00.

NWPX Infrastructure Trading Down 0.1%

Shares of NWPX traded down $0.04 during midday trading on Monday, hitting $52.12. 44,771 shares of the stock were exchanged, compared to its average volume of 63,247. NWPX Infrastructure, Inc. has a 52-week low of $36.97 and a 52-week high of $57.76. The stock has a fifty day simple moving average of $46.34 and a 200 day simple moving average of $42.81. The firm has a market cap of $503.17 million, a P/E ratio of 15.70, a P/E/G ratio of 1.54 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%.The firm had revenue of $133.18 million during the quarter, compared to analyst estimates of $120.93 million. On average, research analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $60.00 price target on NWPX Infrastructure in a report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $57.50.

Hedge Funds Weigh In On NWPX Infrastructure

Several large investors have recently modified their holdings of NWPX. Man Group plc bought a new position in NWPX Infrastructure in the second quarter worth about $212,000. BNP Paribas Financial Markets boosted its stake in NWPX Infrastructure by 41.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 15,324 shares of the industrial products company's stock worth $628,000 after purchasing an additional 4,472 shares during the period. Bridgeway Capital Management LLC boosted its stake in NWPX Infrastructure by 4.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 102,946 shares of the industrial products company's stock worth $4,222,000 after purchasing an additional 4,577 shares during the period. Bank of America Corp DE boosted its stake in NWPX Infrastructure by 184.0% in the 2nd quarter. Bank of America Corp DE now owns 32,317 shares of the industrial products company's stock worth $1,325,000 after purchasing an additional 20,936 shares during the period. Finally, Westerly Capital Management LLC boosted its stake in NWPX Infrastructure by 37.5% in the 2nd quarter. Westerly Capital Management LLC now owns 55,000 shares of the industrial products company's stock worth $2,256,000 after purchasing an additional 15,000 shares during the period. Institutional investors own 80.63% of the company's stock.

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.