Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CFO Sells $300,039.10 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 5,009 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $59.90, for a total transaction of $300,039.10. Following the transaction, the chief financial officer owned 19,753 shares in the company, valued at $1,183,204.70. The trade was a 20.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, December 9th, Aaron Wilkins sold 1,241 shares of NWPX Infrastructure stock. The stock was sold at an average price of $60.10, for a total transaction of $74,584.10.

NWPX Infrastructure Stock Up 1.1%

Shares of NASDAQ:NWPX opened at $63.53 on Friday. The firm has a market capitalization of $610.52 million, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.73 and a beta of 0.94. The business has a 50 day simple moving average of $56.56 and a two-hundred day simple moving average of $49.50. NWPX Infrastructure, Inc. has a 1 year low of $36.97 and a 1 year high of $65.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.36. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%.The firm had revenue of $151.07 million for the quarter, compared to the consensus estimate of $132.01 million. On average, equities analysts predict that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NWPX. Weiss Ratings reiterated a “hold (c+)” rating on shares of NWPX Infrastructure in a research report on Wednesday, October 8th. Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Wall Street Zen upgraded shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, DA Davidson boosted their price objective on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.50.

Hedge Funds Weigh In On NWPX Infrastructure

Several institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in NWPX Infrastructure in the third quarter worth about $28,000. Wexford Capital LP bought a new stake in shares of NWPX Infrastructure in the 3rd quarter valued at about $29,000. CWM LLC lifted its position in shares of NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 251 shares during the period. Byrne Asset Management LLC lifted its position in shares of NWPX Infrastructure by 20.1% in the 2nd quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 482 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of NWPX Infrastructure during the third quarter valued at approximately $128,000. Hedge funds and other 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.