Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CFO Sells $51,360.00 in Stock

Key Points

• CFO Aaron Wilkins sold 428 NWPX shares at an average price of $120, generating $51,360 under a pre-arranged Rule 10b5-1 trading plan. He retained 25,898 shares valued at approximately $3.11 million.
• NWPX shares fell 2.5% to $111.76 during Tuesday trading, while the company has a $1.08 billion market capitalization and trades near the midpoint of its 52-week range.
• The company exceeded quarterly expectations, reporting $1.62 in EPS and $159.48 million in revenue versus estimates of $1.33 EPS and $154.70 million in revenue. Analysts maintain a “Moderate Buy” consensus, with an average price target of $110.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) CFO Aaron Wilkins sold 428 shares of the company's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00. Following the completion of the transaction, the chief financial officer owned 25,898 shares in the company, valued at approximately $3,107,760. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 2.5%

NWPX Infrastructure stock traded down $2.86 during trading on Tuesday, hitting $111.76. The company had a trading volume of 138,910 shares, compared to its average volume of 150,269. NWPX Infrastructure, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03. 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 company's 50 day simple moving average is $132.17 and its 200-day simple moving average is $101.37. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.01 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 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, analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Institutional Trading of NWPX Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at about $41,000. Simplex Trading LLC boosted its holdings in shares of NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 320 shares during the period. Wexford Capital LP purchased a new position in shares of NWPX Infrastructure during the third quarter worth approximately $29,000. State of Wyoming acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $98,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $156,000. Institutional investors and hedge funds own 80.63% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NWPX shares. Zacks Research lowered shares of NWPX Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Wall Street Zen cut shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. Weiss Ratings restated a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 target price 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $110.00.

About NWPX Infrastructure

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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