Scott Montross Sells 2,500 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $115.13, for a total value of $287,825.00. Following the transaction, the chief executive officer owned 73,629 shares of the company’s stock, valued at $8,476,906.77. This trade represents a 3.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 2.0%

NASDAQ:NWPX opened at $111.48 on Thursday. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.91 and a beta of 1.09. 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, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The business has a fifty day moving average of $131.22 and a 200-day moving average of $103.67.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The business had revenue of $159.48 million for the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. Equities analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Hedge Funds Weigh In On NWPX Infrastructure

A number of hedge funds have recently modified their holdings of NWPX. Wexford Capital LP acquired a new position in shares of NWPX Infrastructure in the 3rd quarter valued at $29,000. Simplex Trading LLC raised its holdings 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 buying an additional 320 shares during the period. Meeder Asset Management Inc. purchased a new stake in NWPX Infrastructure during the second quarter valued at about $41,000. State of Wyoming purchased a new stake in NWPX Infrastructure during the second quarter valued at about $60,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of NWPX Infrastructure in the fourth quarter worth about $71,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.