Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CFO Sells $51,360.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 428 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00. Following the completion of the transaction, the chief financial officer owned 25,898 shares in the company, valued at approximately $3,107,760. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Price Performance

Shares of NASDAQ:NWPX opened at $115.37 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03. The firm has a 50-day simple moving average of $131.74 and a 200 day simple moving average of $102.32. The company has a market cap of $1.11 billion, a PE ratio of 23.12, a P/E/G ratio of 1.90 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $154.70 million. On average, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

A number of hedge funds have recently made changes to their positions in NWPX. Wexford Capital LP bought a new position in NWPX Infrastructure in the 3rd quarter worth approximately $29,000. Simplex Trading LLC boosted its position in NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 320 shares during the period. Meeder Asset Management Inc. bought a new position in shares of NWPX Infrastructure in the second quarter worth $41,000. State of Wyoming acquired a new position in shares of NWPX Infrastructure during the second quarter valued at $60,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of NWPX Infrastructure during the fourth quarter valued at $71,000. Institutional investors 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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.