NWPX Infrastructure, Inc. (NASDAQ:NWPX) VP Megan A. Kendrick Sells 3,500 Shares

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 NWPX Infrastructure stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $175,000.00. Following the transaction, the vice president directly owned 10,560 shares of the company's stock, valued at $528,000. The trade was a 24.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

NWPX Infrastructure Trading Up 4.6%

Shares of NWPX traded up $2.28 during trading hours on Tuesday, reaching $51.78. 35,818 shares of the company traded hands, compared to its average volume of 69,592. The firm has a market cap of $511.54 million, a price-to-earnings ratio of 15.62, a PEG ratio of 3.29 and a beta of 0.93. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $57.76. The company has a current ratio of 4.02, a quick ratio of 2.76 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average price is $41.30 and its 200 day moving average price is $42.54.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. The firm had revenue of $133.18 million during the quarter, compared to analyst estimates of $120.93 million. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.98%. Sell-side analysts forecast that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $60.00 target price on shares of NWPX Infrastructure in a research note on Monday.

Institutional Trading of NWPX Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc raised its holdings in shares of NWPX Infrastructure by 14.4% in the second quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company's stock valued at $13,280,000 after acquiring an additional 40,751 shares in the last quarter. Brandywine Global Investment Management LLC raised its holdings in shares of NWPX Infrastructure by 17.0% in the second quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company's stock valued at $1,740,000 after acquiring an additional 6,180 shares in the last quarter. LSV Asset Management bought a new stake in shares of NWPX Infrastructure in the second quarter valued at about $1,066,000. Intech Investment Management LLC bought a new stake in shares of NWPX Infrastructure in the second quarter valued at about $227,000. Finally, Geode Capital Management LLC raised its holdings in shares of NWPX Infrastructure by 4.9% in the second quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company's stock valued at $9,870,000 after acquiring an additional 11,342 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

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.

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