Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) Director Sells $105,870.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of NWPX Infrastructure stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $105.87, for a total transaction of $105,870.00. Following the sale, the director owned 17,633 shares of the company’s stock, valued at approximately $1,866,805.71. The trade was a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 Stock Performance

NWPX opened at $104.64 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.75 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The stock’s 50 day simple moving average is $120.86 and its 200 day simple moving average is $107.78. NWPX Infrastructure, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.29. The firm had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. As a group, equities analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Analysts Set New Price Targets

NWPX has been the subject of several research reports. JPMorgan Chase & Co. assumed 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. Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

Hedge funds have recently bought and sold shares of the stock. State of Wyoming boosted its position in shares of NWPX Infrastructure by 4.2% in the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 197 shares during the last quarter. Engineers Gate Manager LP increased its position in NWPX Infrastructure by 3.6% during the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 245 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in NWPX Infrastructure during the second quarter worth approximately $41,000. Simplex Trading LLC raised its stake in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 320 shares during the period. Finally, First Trust Advisors LP raised its stake in NWPX Infrastructure by 1.1% during the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock worth $2,392,000 after purchasing an additional 338 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Trending Headlines about NWPX Infrastructure

Here are the key news stories impacting NWPX Infrastructure this week:

• Positive Sentiment: Analyst sentiment remains moderately bullish: NWPX has an average rating of “Moderate Buy,” with one Strong Buy, two Buy ratings and two Hold ratings. The average price target is $110, modestly above the stock’s recent trading level. Analyst and stock analysis reference
• Positive Sentiment: Institutional ownership is high at approximately 80.6%. BlackRock, Legal & General, Heartland Advisors and other investors recently established or increased positions, providing a potentially supportive ownership base.
• Positive Sentiment: NWPX’s latest reported quarter showed stronger-than-expected results, with earnings of $1.62 per share versus the $1.33 consensus estimate and revenue of $159.48 million versus expectations of $154.70 million.
• Neutral Sentiment: Reported short interest was zero shares as of September 10, unchanged from the prior report. Because the figures show no meaningful short position, short-covering is unlikely to be a significant near-term catalyst.
• Negative Sentiment: Director Michael Franson sold 3,500 shares for approximately $368,550, reducing his position by 18.0%. SEC filing
• Negative Sentiment: Director Richard Roman sold 4,000 shares for about $422,880, while CFO Aaron Wilkins sold 1,500 shares worth roughly $159,780. Director Keith Larson also sold 1,000 shares for $105,870. The Roman, Larson and Wilkins transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling value. Insider sales report

About NWPX Infrastructure

NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.

Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.