Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) EVP Sells 3,300 Shares of Stock

Key Points

• Miles Brittain, NWPX EVP, sold 3,300 shares on March 20 at $70.89 for $233,937 and had sold 4,000 shares on March 12 at $71.01, a combined 7,300-share disposition that reduced his stake by 14.16% to 20,006 shares; the trade was disclosed in an SEC filing.
• NWPX recently beat quarterly estimates with $0.93 EPS (vs. $0.62) and $125.6M revenue, the stock trades near $76 and carries a consensus analyst rating of Buy with an average price target of $90.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) EVP Miles Brittain sold 3,300 shares of the company's stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $70.89, for a total transaction of $233,937.00. Following the completion of the sale, the executive vice president owned 20,006 shares in the company, valued at approximately $1,418,225.34. This trade represents a 14.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Miles Brittain also recently made the following trade(s):

• On Thursday, March 12th, Miles Brittain sold 4,000 shares of NWPX Infrastructure stock. The shares were sold at an average price of $71.01, for a total value of $284,040.00.

NWPX Infrastructure Price Performance

Shares of NASDAQ NWPX traded up $5.30 during mid-day trading on Monday, reaching $76.04. 205,033 shares of the company traded hands, compared to its average volume of 103,499. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.78 and a quick ratio of 2.66. The firm has a market cap of $728.01 million, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92. The stock has a fifty day simple moving average of $72.44 and a 200-day simple moving average of $62.49. NWPX Infrastructure, Inc. has a fifty-two week low of $36.97 and a fifty-two week high of $83.12.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its earnings results on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%.The business had revenue of $125.64 million during the quarter, compared to the consensus estimate of $122.00 million. Equities research analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NWPX shares. Wall Street Zen downgraded shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 8th. Zacks Research raised NWPX Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 2nd. DA Davidson boosted their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Finally, Weiss Ratings cut NWPX Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, NWPX Infrastructure presently has a consensus rating of "Buy" and an average price target of $90.00.

Hedge Funds Weigh In On NWPX Infrastructure

Institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC purchased a new position in shares of NWPX Infrastructure during the fourth quarter valued at approximately $227,000. Aristides Capital LLC bought a new position in NWPX Infrastructure in the 4th quarter worth about $211,000. Zacks Investment Management lifted its holdings in shares of NWPX Infrastructure by 9.0% during the 4th quarter. Zacks Investment Management now owns 47,379 shares of the industrial products company's stock worth $2,961,000 after acquiring an additional 3,918 shares during the last quarter. Uniplan Investment Counsel Inc. lifted its position in NWPX Infrastructure by 15.1% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 64,320 shares of the industrial products company's stock worth $4,019,000 after buying an additional 8,414 shares during the last quarter. Finally, Susquehanna Portfolio Strategies LLC bought a new stake in NWPX Infrastructure in the fourth quarter worth $231,000. 80.63% of the stock is currently owned by institutional investors.

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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