Aaron Wilkins Sells 2,000 Shares of NWPX Infrastructure (NASDAQ:NWPX) 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 completion of the transaction, the chief financial officer owned 24,762 shares of the company's stock, valued at $1,293,566.88. The trade was a 7.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed 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%

NASDAQ:NWPX traded down $0.03 during trading hours on Wednesday, reaching $51.40. 54,154 shares of the stock were exchanged, compared to its average volume of 69,545. The company has a quick ratio of 2.81, a current ratio of 3.95 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $45.46 and a two-hundred day moving average of $42.83. NWPX Infrastructure, Inc. has a twelve month low of $36.97 and a twelve month high of $57.76. The company has a market capitalization of $496.01 million, a price-to-earnings ratio of 15.48, a PEG ratio of 1.56 and a beta of 0.91.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $0.91 EPS for the quarter, topping 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 company had revenue of $133.18 million for the quarter, compared to analysts' expectations of $120.93 million. On average, equities analysts predict that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $60.00 price objective on NWPX Infrastructure in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NWPX Infrastructure has an average rating of "Hold" and an average target price of $57.50.

Hedge Funds Weigh In On NWPX Infrastructure

Hedge funds have recently made changes to their positions in the company. Aquatic Capital Management LLC purchased a new position in shares of NWPX Infrastructure during the fourth quarter worth about $30,000. New York State Teachers Retirement System purchased a new position in shares of NWPX Infrastructure during the first quarter worth about $37,000. Point72 Asset Management L.P. purchased a new position in shares of NWPX Infrastructure during the fourth quarter worth about $53,000. Tower Research Capital LLC TRC grew its holdings in shares of NWPX Infrastructure by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock worth $62,000 after purchasing an additional 319 shares during the last quarter. Finally, Byrne Asset Management LLC grew its holdings in shares of NWPX Infrastructure by 62.2% during the first quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock worth $99,000 after purchasing an additional 921 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.