NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) CEO Scott Montross sold 1,227 shares of the company's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $110.58, for a total value of $135,681.66. Following the transaction, the chief executive officer directly owned 69,902 shares in the company, valued at $7,729,763.16. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Up 1.4%
NASDAQ NWPX traded up $1.55 during trading on Wednesday, hitting $110.63. The company's stock had a trading volume of 65,221 shares, compared to its average volume of 149,245. 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 $1.07 billion, a PE ratio of 22.17, a P/E/G ratio of 1.84 and a beta of 1.10. The business's 50 day simple moving average is $126.83 and its 200-day simple moving average is $106.15. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.29. The firm had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, equities analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on NWPX. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a "neutral" rating and a $130.00 price target on the stock. Weiss Ratings restated a "buy (b)" rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Finally, Wall Street Zen downgraded NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, NWPX Infrastructure currently has a consensus rating of "Moderate Buy" and an average price target of $110.00.
Get Our Latest Stock Report on NWPX
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in NWPX Infrastructure in the second quarter valued at $135,365,000. Legal & General Group Plc acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at about $42,751,000. Heartland Advisors Inc. acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at about $20,992,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NWPX Infrastructure in the second quarter worth about $16,659,000. Finally, LSV Asset Management boosted its stake in shares of NWPX Infrastructure by 106.9% in the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company's stock worth $8,971,000 after buying an additional 74,158 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company's stock.
About NWPX Infrastructure
(
Get Free Report)
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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