Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) Director Sells 3,500 Shares of Stock

Key Points

• Insider sale: Director Michael Franson sold 3,500 NWPX Infrastructure shares at an average price of $105.30, receiving $368,550. His remaining stake fell 18.02% to 15,924 shares.
• Quarterly performance: NWPX reported earnings of $1.62 per share, beating estimates of $1.33, while revenue reached $159.48 million versus the $154.70 million consensus forecast.
• Market outlook: Shares recently traded near $104.64, and analysts maintain a consensus “Moderate Buy” rating with a $110 average price target. Institutional investors own 80.63% of the company.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Michael Franson sold 3,500 shares of NWPX Infrastructure stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $105.30, for a total value of $368,550.00. Following the completion of the sale, the director owned 15,924 shares of the company's stock, valued at $1,676,797.20. This trade represents a 18.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NWPX Infrastructure Trading Up 1.0%

Shares of NASDAQ NWPX traded up $1.01 on Friday, reaching $104.64. 95,361 shares of the company traded hands, compared to its average volume of 148,869. The stock has a market capitalization of $1.01 billion, a PE ratio of 20.97, a P/E/G ratio of 1.79 and a beta of 1.09. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $121.51 and a 200 day moving average of $107.80.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its earnings results 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 business had revenue of $159.48 million for the quarter, compared to analysts' expectations of $154.70 million. On average, equities research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NWPX shares. Weiss Ratings restated a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen downgraded NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a "neutral" rating and a $130.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

Several institutional investors have recently bought and sold shares of NWPX. AQR Capital Management LLC raised its stake in shares of NWPX Infrastructure by 274.8% in the 1st quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company's stock valued at $1,193,000 after acquiring an additional 21,179 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in NWPX Infrastructure in the 1st quarter valued at $224,000. Goldman Sachs Group Inc. increased its holdings in NWPX Infrastructure by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company's stock valued at $1,835,000 after purchasing an additional 6,510 shares in the last quarter. Empowered Funds LLC increased its holdings in NWPX Infrastructure by 5.6% in the 1st quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company's stock valued at $1,998,000 after purchasing an additional 2,547 shares in the last quarter. Finally, First Trust Advisors LP raised its position in NWPX Infrastructure by 3.7% in the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company's stock valued at $1,308,000 after purchasing an additional 1,127 shares during the period. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

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