NWPX Infrastructure (NASDAQ:NWPX) Announces Earnings Results

Key Points

• NWPX Infrastructure exceeded quarterly expectations, reporting EPS of $1.86 versus the $1.65 consensus and revenue of $179.39 million versus $167.74 million expected.
• The stock fell 0.2% to $99.67, while its financial position remained strong with a 0.02 debt-to-equity ratio, 2.71 current ratio and 1.94 quick ratio.
• Insiders sold 58,335 shares worth approximately $6.26 million over the past three months. Analyst sentiment remains a “Moderate Buy,” with a $110 consensus price target, despite Weiss Ratings downgrading the stock to “hold.”

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.21, FiscalAI reports. The company had revenue of $179.39 million during the quarter, compared to the consensus estimate of $167.74 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.

NWPX Infrastructure Stock Down 0.2%

Shares of NWPX Infrastructure stock traded down $0.17 during trading hours on Wednesday, hitting $99.67. The company had a trading volume of 122,325 shares, compared to its average volume of 144,262. The company's 50-day moving average is $104.12 and its two-hundred day moving average is $100.85. NWPX Infrastructure has a twelve month low of $53.15 and a twelve month high of $152.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The company has a market cap of $960.52 million, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08.

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, EVP Michael Wray sold 4,500 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $110.94, for a total value of $499,230.00. Following the completion of the transaction, the executive vice president owned 23,886 shares in the company, valued at $2,649,912.84. This represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael C. Franson sold 3,500 shares of the firm's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $105.30, for a total value of $368,550.00. Following the transaction, the director directly owned 15,924 shares in the company, valued at approximately $1,676,797.20. The trade was a 18.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 58,335 shares of company stock worth $6,259,631. Insiders own 3.30% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered NWPX Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company's stock. Based on 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 NASDAQ: NWPX, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used to transport, store and manage water. The company supplies engineered steel pressure pipe and related systems for municipal water transmission, water treatment, wastewater and other utility applications.

Its product offerings also include precast concrete structures and components used in stormwater management, sanitary sewer systems and other civil infrastructure projects.

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