NWPX Infrastructure (NASDAQ:NWPX) SVP Sells $1,337,117.66 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) SVP Eric Stokes sold 12,631 shares of the company’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $105.86, for a total value of $1,337,117.66. Following the completion of the sale, the senior vice president owned 12,643 shares of the company’s stock, valued at $1,338,387.98. This represents a 49.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Eric Stokes also recently made the following trade(s):

• On Thursday, October 1st, Eric Stokes sold 12,353 shares of NWPX Infrastructure stock. The stock was sold at an average price of $103.38, for a total value of $1,277,053.14.

NWPX Infrastructure Price Performance

NWPX Infrastructure stock opened at $100.73 on Friday. The firm has a market capitalization of $971.04 million, a P/E ratio of 20.19, a PEG ratio of 1.72 and a beta of 1.08. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The business has a 50-day moving average of $109.30 and a 200-day moving average of $111.70. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings results 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. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The business had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. On average, equities analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Analyst Ratings Changes

NWPX has been the topic of several analyst reports. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings lowered shares of NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, NWPX Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

Several large investors have recently made changes to their positions in the stock. State of Wyoming grew its holdings in shares of NWPX Infrastructure by 4.2% during the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock worth $380,000 after buying an additional 197 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in NWPX Infrastructure in the 2nd quarter valued at approximately $41,000. First Trust Advisors LP lifted its stake in NWPX Infrastructure by 1.1% in the 1st quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock valued at $2,392,000 after acquiring an additional 338 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in NWPX Infrastructure during the 2nd quarter worth approximately $156,000. Finally, Hsbc Holdings PLC boosted its position in NWPX Infrastructure by 32.0% during the 1st quarter. Hsbc Holdings PLC now owns 4,791 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 1,161 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

About NWPX Infrastructure

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.