NWPX Infrastructure (NASDAQ:NWPX) CEO Sells $296,850.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $118.74, for a total value of $296,850.00. Following the completion of the sale, the chief executive officer directly owned 76,129 shares of the company’s stock, valued at approximately $9,039,557.46. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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 firm has a market capitalization of $1.11 billion, a P/E ratio of 23.12, a PEG ratio of 1.90 and a beta of 1.09. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. The company’s fifty day moving average is $131.74 and its two-hundred day moving average is $102.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71.

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, beating 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 company had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. Analysts forecast that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Institutional Investors Weigh In On NWPX Infrastructure

Several hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC grew its holdings in NWPX Infrastructure by 274.8% in the 1st quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock valued at $1,193,000 after buying an additional 21,179 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of NWPX Infrastructure in the first quarter worth approximately $224,000. Goldman Sachs Group Inc. boosted its position in shares of NWPX Infrastructure by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock worth $1,835,000 after acquiring an additional 6,510 shares during the last quarter. Empowered Funds LLC grew its holdings in NWPX Infrastructure by 5.6% in the first 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 period. Finally, First Trust Advisors LP grew its holdings in NWPX Infrastructure by 3.7% in the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock valued at $1,308,000 after purchasing an additional 1,127 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.