NWPX Infrastructure (NASDAQ:NWPX) Director Richard Roman Sells 4,000 Shares of Stock

Key Points

• Director Richard Roman sold 4,000 NWPX shares at an average price of $105.72, generating $422,880. The Rule 10b5-1 transaction reduced his direct holdings by 11.65% to 30,340 shares.
• NWPX shares fell 3.7% to $103.05, while the company’s latest quarterly results exceeded expectations with EPS of $1.62 versus the $1.33 consensus and revenue of $159.48 million.
• Analysts maintain a “Moderate Buy” consensus with a $110 price target, and institutional investors own 80.63% of the stock after several major firms initiated or expanded positions.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Richard Roman sold 4,000 shares of the business's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $105.72, for a total transaction of $422,880.00. Following the completion of the sale, the director directly owned 30,340 shares in the company, valued at approximately $3,207,544.80. This represents a 11.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 3.7%

NASDAQ NWPX traded down $3.96 during trading hours on Thursday, hitting $103.05. 47,258 shares of the company traded hands, compared to its average volume of 148,773. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The business's 50-day moving average is $122.17 and its 200-day moving average is $107.60. The stock has a market capitalization of $993.35 million, a price-to-earnings ratio of 20.67, a P/E/G ratio of 1.78 and a beta of 1.09. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.29. The company had revenue of $159.48 million during the quarter, compared to analysts' expectations of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on NWPX shares. Weiss Ratings reiterated a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen lowered shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 price objective on the stock. One investment 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's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

A number of large investors have recently bought and sold shares of NWPX. BlackRock Inc. acquired a new position in shares of NWPX Infrastructure during the second quarter valued at about $135,365,000. Legal & General Group Plc acquired a new stake in shares of NWPX Infrastructure in the 2nd quarter worth about $42,751,000. Heartland Advisors Inc. bought a new position in NWPX Infrastructure in the 2nd quarter valued at about $20,992,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in NWPX Infrastructure during the 2nd quarter valued at about $16,659,000. Finally, LSV Asset Management boosted its stake in NWPX Infrastructure by 106.9% during the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company's stock valued at $8,971,000 after purchasing an additional 74,158 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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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