NWPX Infrastructure (NASDAQ:NWPX) CFO Aaron Wilkins Sells 500 Shares

Key Points

• NWPX Infrastructure CFO Aaron Wilkins sold 500 shares of company stock on August 29th at an average price of $54.02, reducing his ownership by 1.83%.
• The company reported strong earnings with $0.91 EPS for the last quarter, surpassing estimates and generating revenue of $133.18 million.
• Institutional investors and hedge funds own approximately 80.63% of NWPX stock, indicating significant institutional interest in the company.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) CFO Aaron Wilkins sold 500 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $54.02, for a total value of $27,010.00. Following the completion of the transaction, the chief financial officer owned 26,762 shares of the company's stock, valued at $1,445,683.24. The trade was a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Aaron Wilkins also recently made the following trade(s):

• On Tuesday, September 2nd, Aaron Wilkins sold 2,000 shares of NWPX Infrastructure stock. The shares were sold at an average price of $52.24, for a total value of $104,480.00.
• On Friday, August 22nd, Aaron Wilkins sold 2,500 shares of NWPX Infrastructure stock. The shares were sold at an average price of $50.89, for a total value of $127,225.00.

NWPX Infrastructure Price Performance

Shares of NWPX traded down $0.03 during trading hours on Wednesday, reaching $51.40. The stock had a trading volume of 54,154 shares, compared to its average volume of 69,545. The stock has a market capitalization of $496.01 million, a PE ratio of 15.48, a PEG ratio of 1.56 and a beta of 0.91. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $57.76. The company's 50-day moving average is $45.46 and its two-hundred day moving average is $42.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. The business had revenue of $133.18 million during the quarter, compared to analyst estimates of $120.93 million. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. Research analysts expect that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Hedge Funds Weigh In On NWPX Infrastructure

A number of hedge funds have recently added to or reduced their stakes in NWPX. New York State Teachers Retirement System bought a new position in shares of NWPX Infrastructure in the first quarter valued at approximately $37,000. SG Americas Securities LLC raised its position in NWPX Infrastructure by 54.3% in the 1st quarter. SG Americas Securities LLC now owns 7,571 shares of the industrial products company's stock valued at $313,000 after buying an additional 2,663 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in NWPX Infrastructure by 9.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 53,875 shares of the industrial products company's stock valued at $2,225,000 after acquiring an additional 4,509 shares in the last quarter. Two Sigma Investments LP lifted its stake in NWPX Infrastructure by 27.4% during the 4th quarter. Two Sigma Investments LP now owns 35,297 shares of the industrial products company's stock valued at $1,703,000 after acquiring an additional 7,593 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in NWPX Infrastructure by 3,930.5% during the 1st quarter. GAMMA Investing LLC now owns 31,801 shares of the industrial products company's stock valued at $1,313,000 after acquiring an additional 31,012 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson set a $60.00 target price on NWPX Infrastructure in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $57.50.

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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