NWPX Infrastructure (NASDAQ:NWPX) Director Sells $102,200.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $102.20, for a total transaction of $102,200.00. Following the sale, the director owned 14,633 shares in the company, valued at $1,495,492.60. This represents a 6.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Up 1.2%

Shares of NASDAQ:NWPX opened at $105.99 on Friday. The firm has a 50 day simple moving average of $111.09 and a 200 day simple moving average of $110.53. NWPX Infrastructure, Inc. has a 52 week low of $49.25 and a 52 week high of $152.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The company has a market cap of $1.02 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $154.70 million. As a group, research analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on NWPX shares. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. assumed 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. One 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. According to MarketBeat.com, the company presently 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 and other institutional investors have recently made changes to their positions in NWPX. Tidal Investments LLC acquired a new position in shares of NWPX Infrastructure during the 2nd quarter worth $259,000. Engineers Gate Manager LP raised its holdings in shares of NWPX Infrastructure by 49.4% during the 2nd quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company’s stock valued at $1,301,000 after purchasing an additional 2,869 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at $471,000. Allworth Financial LP lifted its stake in shares of NWPX Infrastructure by 23.0% in the 2nd quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company’s stock valued at $4,272,000 after purchasing an additional 5,334 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in NWPX Infrastructure in the second quarter worth $421,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

NWPX Infrastructure Company Profile

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.