NWPX Infrastructure (NASDAQ:NWPX) Director Sells $144,825.00 in Stock

Key Points

• Director Keith Larson sold 1,250 NWPX shares for $144,825 under a pre-arranged Rule 10b5-1 trading plan, reducing his direct ownership by 5.58% to 21,133 shares.
• NWPX shares fell 3.3% to $113.12 during Tuesday trading, while the company reported quarterly earnings of $1.62 per share and revenue of $159.48 million, beating analyst expectations.
• Analyst sentiment remains a consensus “Moderate Buy”, though the average price target is $110; institutional investors and hedge funds own 80.63% of the company.

NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 1,250 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $115.86, for a total transaction of $144,825.00. Following the transaction, the director directly owned 21,133 shares in the company, valued at approximately $2,448,469.38. This represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 3.3%

NASDAQ:NWPX traded down $3.92 during trading hours on Tuesday, reaching $113.12. The company had a trading volume of 54,276 shares, compared to its average volume of 148,840. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 1.95 and a beta of 1.09. The business's 50-day simple moving average is $131.63 and its two-hundred day simple moving average is $103.02. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The firm had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. On average, equities analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NWPX has been the subject of a number of research analyst reports. Zacks Research downgraded NWPX Infrastructure from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 price objective for the company. Weiss Ratings restated a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC increased its position in shares of NWPX Infrastructure by 274.8% during the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company's stock worth $1,193,000 after acquiring an additional 21,179 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in NWPX Infrastructure in the 1st quarter valued at about $224,000. Goldman Sachs Group Inc. boosted its stake in NWPX Infrastructure by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company's stock valued at $1,835,000 after purchasing an additional 6,510 shares during the last quarter. Empowered Funds LLC boosted its stake in NWPX Infrastructure by 5.6% during the 1st quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company's stock valued at $1,998,000 after purchasing an additional 2,547 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in NWPX Infrastructure by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company's stock worth $1,308,000 after purchasing an additional 1,127 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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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