Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CEO Sells $296,850.00 in Stock

Key Points

• CEO Scott Montross sold 2,500 NWPX shares at an average price of $118.74, totaling $296,850. The Rule 10b5-1 transaction reduced his holdings by 3.18% to 76,129 shares.
• NWPX shares fell to $111.76 during Tuesday trading, while the company reported quarterly EPS of $1.62 and revenue of $159.48 million, beating analyst estimates.
• Institutional investors own 80.63% of the stock, and analysts maintain a “Moderate Buy” consensus rating with an average price target of $110.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) CEO Scott Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $118.74, for a total value of $296,850.00. Following the completion of the transaction, the chief executive officer owned 76,129 shares of the company's stock, valued at approximately $9,039,557.46. This represents a 3.18% 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.

NWPX Infrastructure Price Performance

NASDAQ NWPX traded down $2.86 during trading hours on Tuesday, reaching $111.76. The company's stock had a trading volume of 138,910 shares, compared to its average volume of 150,269. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 2.01 and a beta of 1.09. The company's 50-day moving average is $132.17 and its two-hundred day moving average is $101.37. 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, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. The company had revenue of $159.48 million for 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%. On average, equities analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Trading of NWPX Infrastructure

Several large investors have recently bought and sold shares of NWPX. Allworth Financial LP purchased a new position in NWPX Infrastructure in the 2nd quarter worth approximately $598,000. Vise Technologies Inc. purchased a new stake in shares of NWPX Infrastructure in the second quarter valued at approximately $385,000. NewEdge Wealth LLC acquired a new stake in shares of NWPX Infrastructure in the second quarter valued at approximately $1,924,000. Meeder Asset Management Inc. acquired a new stake in shares of NWPX Infrastructure in the second quarter valued at approximately $41,000. Finally, BlackRock Inc. purchased a new position in NWPX Infrastructure during the second quarter worth approximately $135,365,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. Weiss Ratings reissued a "buy (b)" rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Zacks Research downgraded shares of NWPX Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $110.00.

NWPX Infrastructure Company Profile

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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