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

Key Points

• Director Richard Roman sold 4,000 NWPX shares at an average price of $96.84, generating $387,360. The Rule 10b5-1 transaction reduced his direct holdings by 13.63% to 25,340 shares.
• NWPX shares fell 0.6% to $97.61, while the company reported quarterly EPS of $1.62 and revenue of $159.48 million, exceeding analyst estimates for both measures.
• Analysts maintain a consensus “Moderate Buy” rating with a $110 price target, and institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Richard Roman sold 4,000 shares of the firm's stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $96.84, for a total transaction of $387,360.00. Following the completion of the transaction, the director directly owned 25,340 shares in the company, valued at $2,453,925.60. This trade represents a 13.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 0.6%

Shares of NWPX traded down $0.54 on Friday, reaching $97.61. 71,930 shares of the company's stock were exchanged, compared to its average volume of 145,298. 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 stock has a market capitalization of $940.67 million, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The business has a 50 day moving average price of $106.80 and a two-hundred day moving average price of $112.46. NWPX Infrastructure, Inc. has a 12 month low of $50.76 and a 12 month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced 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 firm had revenue of $159.48 million for the quarter, compared to analysts' expectations of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. Research analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded NWPX Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, October 2nd. One equities research 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

Institutional Trading of NWPX Infrastructure

Several hedge funds have recently added to or reduced their stakes in NWPX. Central Pacific Bank Trust Division raised its position in shares of NWPX Infrastructure by 168.9% during the third quarter. Central Pacific Bank Trust Division now owns 2,797 shares of the industrial products company's stock worth $288,000 after purchasing an additional 1,757 shares during the period. Tidal Investments LLC bought a new stake in shares of NWPX Infrastructure during the second quarter worth $259,000. Engineers Gate Manager LP raised its holdings in shares of NWPX Infrastructure by 49.4% during the second quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company's stock worth $1,301,000 after acquiring an additional 2,869 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of NWPX Infrastructure during the second quarter worth $471,000. Finally, Allworth Financial LP raised its holdings in shares of NWPX Infrastructure by 23.0% during the second quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company's stock worth $4,272,000 after acquiring an additional 5,334 shares during the period. Institutional investors and hedge funds own 80.63% of the company's stock.

About NWPX Infrastructure

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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