Keith Larson Sells 1,000 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

Key Points

• Director Keith Larson sold 1,000 NWPX shares at an average price of $105.87, reducing his holdings by 5.37% to 17,633 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• NWPX shares fell 3.7% to $103.05, while the company reported quarterly earnings of $1.62 per share and revenue of $159.48 million—both above analyst expectations.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $110, and institutional investors own 80.63% of the company’s outstanding shares.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 1,000 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $105.87, for a total transaction of $105,870.00. Following the sale, the director owned 17,633 shares of the company's stock, valued at $1,866,805.71. This trade represents a 5.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 3.7%

Shares of NWPX Infrastructure stock traded down $3.96 during trading hours on Thursday, reaching $103.05. The company's stock had a trading volume of 47,258 shares, compared to its average volume of 148,773. The company has a market capitalization of $993.35 million, a P/E ratio of 20.65, a P/E/G ratio of 1.78 and a beta of 1.09. The stock's fifty day simple moving average is $122.17 and its two-hundred day simple moving average is $107.60. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $154.70 million. On average, research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NWPX has been the topic of a number of recent research reports. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 target price on the stock. Wall Street Zen lowered NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, NWPX Infrastructure presently has an average rating of "Moderate Buy" and an average target price of $110.00.

Institutional Trading of NWPX Infrastructure

A number of hedge funds have recently bought and sold shares of NWPX. Deutsche Bank AG bought a new position in NWPX Infrastructure during the second quarter valued at $1,425,000. BlackRock Inc. bought a new stake in shares of NWPX Infrastructure in the second quarter valued at $135,365,000. Legal & General Group Plc lifted its position in shares of NWPX Infrastructure by 3.3% during the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company's stock valued at $12,560,000 after buying an additional 6,440 shares during the last quarter. Crown Advisors Management Inc. purchased a new position in shares of NWPX Infrastructure during the 2nd quarter valued at $10,496,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of NWPX Infrastructure during the 1st quarter worth $1,770,000. 80.63% of the stock is currently owned by 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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