NWPX Infrastructure (NASDAQ:NWPX) SVP Eric Stokes Sells 12,353 Shares of Company Stock

Key Points

• Insider sale: SVP Eric Stokes sold 12,353 NWPX shares for approximately $1.28 million under a pre-arranged Rule 10b5-1 plan, reducing his direct holdings by 32.83% to 25,274 shares.
• Strong quarterly performance: NWPX reported quarterly earnings of $1.62 per share, exceeding analysts’ $1.33 estimate, while revenue of $159.48 million also topped expectations.
• Investor outlook: Institutional investors own 80.63% of the company, and analysts maintain a “Moderate Buy” consensus with an average price target of $110, near the stock’s reported trading price of $105.99.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) SVP Eric Stokes sold 12,353 shares of the business's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $103.38, for a total transaction of $1,277,053.14. Following the transaction, the senior vice president directly owned 25,274 shares in the company, valued at approximately $2,612,826.12. The trade was a 32.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Up 1.2%

Shares of NWPX traded up $1.22 during mid-day trading on Friday, reaching $105.99. The stock had a trading volume of 124,015 shares, compared to its average volume of 147,855. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 1.73 and a beta of 1.08. The business's fifty day moving average is $111.56 and its 200 day moving average is $110.56. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS 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 the consensus estimate of $154.70 million. On average, sell-side analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Institutional Trading of NWPX Infrastructure

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

Wall Street Analyst Weigh In

NWPX has been the subject of several analyst reports. Weiss Ratings reiterated a "buy (b)" rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 price target on the stock. Finally, Wall Street Zen cut NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. One 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $110.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.