Insider Selling: NWPX Infrastructure, Inc. (NASDAQ:NWPX) VP Sells 3,500 Shares of Stock

Key Points

• Megan A. Kendrick, VP of NWPX Infrastructure, sold 3,500 shares for a total of $175,000, reducing her stake by nearly 25% to 10,560 shares valued at approximately $528,000.
• NWPX Infrastructure's stock rose 4.6% on the following trading day, closing at $51.78, amid an overall market capitalization of $511.54 million.
• The company reported earnings of $0.91 EPS in their recent quarterly results, exceeding expectations and demonstrating a revenue growth against analysts’ forecasts.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) VP Megan A. Kendrick sold 3,500 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $50.00, for a total value of $175,000.00. Following the completion of the sale, the vice president directly owned 10,560 shares of the company's stock, valued at approximately $528,000. This trade represents a 24.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NWPX Infrastructure Price Performance

NWPX stock traded down $0.80 during trading on Friday, reaching $51.54. The company's stock had a trading volume of 127,483 shares, compared to its average volume of 66,244. NWPX Infrastructure, Inc. has a 1 year low of $36.97 and a 1 year high of $57.76. The company has a quick ratio of 2.76, a current ratio of 3.95 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $497.36 million, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 1.54 and a beta of 0.93. The company's fifty day moving average is $42.31 and its 200-day moving average is $42.73.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The industrial products company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. The firm had revenue of $133.18 million during the quarter, compared to analyst estimates of $120.93 million. On average, research analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, DA Davidson set a $60.00 price target on NWPX Infrastructure in a research note on Monday, August 11th.

Institutional Trading of NWPX Infrastructure

Several institutional investors have recently added to or reduced their stakes in the company. Aquatic Capital Management LLC bought a new stake in shares of NWPX Infrastructure during the fourth quarter valued at approximately $30,000. New York State Teachers Retirement System purchased a new position in NWPX Infrastructure during the first quarter valued at approximately $37,000. Point72 Asset Management L.P. purchased a new position in NWPX Infrastructure during the fourth quarter valued at approximately $53,000. Tower Research Capital LLC TRC increased its holdings in NWPX Infrastructure by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock valued at $62,000 after buying an additional 319 shares during the period. Finally, Byrne Asset Management LLC increased its holdings in NWPX Infrastructure by 62.2% during the first quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock valued at $99,000 after buying an additional 921 shares during the period. Institutional investors own 80.63% of the company's stock.

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.