Aaron Wilkins Sells 500 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

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 company's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $54.02, for a total value of $27,010.00. Following the completion of the sale, the chief financial officer owned 26,762 shares of the company's stock, valued at $1,445,683.24. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 NASDAQ:NWPX traded down $0.04 on Monday, reaching $52.12. 44,771 shares of the company traded hands, compared to its average volume of 63,247. The company's 50 day moving average is $46.34 and its 200-day moving average is $42.81. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.95 and a quick ratio of 2.81. NWPX Infrastructure, Inc. has a fifty-two week low of $36.97 and a fifty-two week high of $57.76. The stock has a market capitalization of $503.17 million, a PE ratio of 15.70, a P/E/G ratio of 1.54 and a beta of 0.91.

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, beating the consensus estimate of $0.72 by $0.19. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. The company had revenue of $133.18 million for the quarter, compared to the consensus estimate of $120.93 million. As a group, analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal 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, August 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NWPX Infrastructure presently has a consensus rating of "Hold" and an average target price of $57.50.

Institutional Trading of NWPX Infrastructure

A number of institutional investors have recently bought and sold shares of NWPX. Man Group plc bought a new position in shares of NWPX Infrastructure during the second quarter worth $212,000. BNP Paribas Financial Markets lifted its position in NWPX Infrastructure by 41.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 15,324 shares of the industrial products company's stock valued at $628,000 after acquiring an additional 4,472 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in NWPX Infrastructure by 4.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 102,946 shares of the industrial products company's stock valued at $4,222,000 after acquiring an additional 4,577 shares in the last quarter. Bank of America Corp DE lifted its position in NWPX Infrastructure by 184.0% in the 2nd quarter. Bank of America Corp DE now owns 32,317 shares of the industrial products company's stock valued at $1,325,000 after acquiring an additional 20,936 shares in the last quarter. Finally, Westerly Capital Management LLC lifted its position in NWPX Infrastructure by 37.5% in the 2nd quarter. Westerly Capital Management LLC now owns 55,000 shares of the industrial products company's stock valued at $2,256,000 after acquiring an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company's stock.

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.