NWPX Infrastructure (NASDAQ:NWPX) SVP Sells 12,631 Shares of Company Stock

Key Points

• SVP Eric Stokes sold 12,631 NWPX shares at an average price of $105.86, generating approximately $1.34 million. The sale, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by nearly 50% to 12,643 shares.
• NWPX shares fell 0.1% to $105.48 during trading, well below their 52-week high of $152.03. The company has a $1.02 billion market capitalization and relatively low leverage, with a debt-to-equity ratio of 0.02.
• NWPX recently exceeded quarterly earnings expectations, reporting $1.62 EPS versus the $1.33 consensus and revenue of $159.48 million. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $110, while institutional ownership stands at 80.63%.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) SVP Eric Stokes sold 12,631 shares of the firm's stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $105.86, for a total transaction of $1,337,117.66. Following the completion of the sale, the senior vice president directly owned 12,643 shares of the company's stock, valued at approximately $1,338,387.98. This represents a 49.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eric Stokes also recently made the following trade(s):

• On Thursday, October 1st, Eric Stokes sold 12,353 shares of NWPX Infrastructure stock. The stock was sold at an average price of $103.38, for a total value of $1,277,053.14.

NWPX Infrastructure Trading Down 0.1%

Shares of NASDAQ NWPX traded down $0.12 during midday trading on Tuesday, hitting $105.48. The stock had a trading volume of 120,209 shares, compared to its average volume of 147,555. The firm has a market cap of $1.02 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.78 and a beta of 1.08. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03. 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's 50-day simple moving average is $110.64 and its 200 day simple moving average is $111.03.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NWPX. Wall Street Zen downgraded NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a "neutral" rating and a $130.00 target price for the company. Finally, Weiss Ratings lowered shares of NWPX Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday. One investment 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 stock. According to MarketBeat, NWPX Infrastructure has an average rating of "Moderate Buy" and an average target price of $110.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG bought a new stake in NWPX Infrastructure during the 2nd quarter worth approximately $1,425,000. BlackRock Inc. acquired a new position in shares of NWPX Infrastructure in the second quarter valued at approximately $135,365,000. Van ECK Associates Corp bought a new stake in shares of NWPX Infrastructure during the second quarter worth $5,378,000. Crown Advisors Management Inc. acquired a new stake in shares of NWPX Infrastructure during the second quarter worth $10,496,000. Finally, Concurrent Investment Advisors LLC bought a new stake in NWPX Infrastructure in the 2nd quarter valued at $3,063,000. 80.63% of the stock is owned by institutional investors and hedge funds.

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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