NWPX Infrastructure (NASDAQ:NWPX) CEO Sells $180,800.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $72.32, for a total value of $180,800.00. Following the transaction, the chief executive officer owned 70,977 shares in the company, valued at approximately $5,133,056.64. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NWPX Infrastructure Stock Performance

NWPX opened at $73.25 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.66 and a current ratio of 3.78. The company has a market cap of $701.00 million, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.60 and a beta of 0.92. The stock has a 50-day moving average of $71.50 and a 200-day moving average of $61.56. NWPX Infrastructure, Inc. has a 52-week low of $36.97 and a 52-week high of $83.12.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.31. The business had revenue of $125.64 million for the quarter, compared to the consensus estimate of $122.00 million. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%. As a group, equities research analysts forecast that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NWPX. SummerHaven Investment Management LLC bought a new position in NWPX Infrastructure during the third quarter worth $1,053,000. Brandywine Global Investment Management LLC boosted its holdings in NWPX Infrastructure by 17.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company’s stock valued at $1,740,000 after purchasing an additional 6,180 shares during the period. LSV Asset Management acquired a new stake in NWPX Infrastructure in the 2nd quarter worth $1,066,000. Allspring Global Investments Holdings LLC grew its position in NWPX Infrastructure by 67.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 85,527 shares of the industrial products company’s stock worth $4,527,000 after purchasing an additional 34,526 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of NWPX Infrastructure by 4.9% during the 2nd quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock worth $9,870,000 after purchasing an additional 11,342 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings lowered shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. DA Davidson lifted their target price on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, NWPX Infrastructure has a consensus rating of “Buy” and an average price target of $90.00.

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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.