NWPX Infrastructure (NASDAQ:NWPX) Director Sells $26,620.00 in Stock

Key Points

• Director Keith Larson sold 250 NWPX shares for $26,620 at an average price of $106.48 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 1.71%.
• NWPX shares fell 0.1% to $105.48, while the company reported quarterly EPS of $1.62 and revenue of $159.48 million, both exceeding analyst expectations.
• Analysts maintain a “Moderate Buy” consensus with an average $110 price target, and institutional investors own 80.63% of the company.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 250 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $106.48, for a total transaction of $26,620.00. Following the sale, the director owned 14,383 shares in the company, valued at approximately $1,531,501.84. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 0.1%

NWPX traded down $0.12 during trading on Tuesday, reaching $105.48. 120,209 shares of the company's stock were exchanged, compared to its average volume of 147,555. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. The firm has a fifty day moving average price of $110.64 and a two-hundred day moving average price of $111.03. The stock has a market capitalization of $1.02 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.78 and a beta of 1.08.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced 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. The business had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. As a group, 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

Several equities research analysts recently commented on NWPX shares. Weiss Ratings lowered NWPX Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. Wall Street Zen lowered NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set a "neutral" rating and a $130.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in NWPX Infrastructure during the 2nd quarter worth approximately $135,365,000. Legal & General Group Plc purchased a new position in shares of NWPX Infrastructure during the second quarter valued at approximately $42,751,000. Heartland Advisors Inc. bought a new stake in NWPX Infrastructure during the second quarter worth $20,992,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in NWPX Infrastructure in the 2nd quarter valued at $16,659,000. Finally, Crown Advisors Management Inc. bought a new position in NWPX Infrastructure during the 2nd quarter valued at $10,496,000. Institutional investors and hedge funds own 80.63% of the company's stock.

NWPX Infrastructure Company Profile

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.

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