Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) Director Sells $128,966.88 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,172 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $110.04, for a total value of $128,966.88. Following the transaction, the director directly owned 18,711 shares of the company’s stock, valued at $2,058,958.44. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 2.4%

NASDAQ:NWPX opened at $107.68 on Friday. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. The firm has a market capitalization of $1.04 billion, a P/E ratio of 21.58, a P/E/G ratio of 1.85 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 business has a 50 day simple moving average of $124.62 and a 200 day simple moving average of $106.66.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS 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 business had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. Equities research analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Analyst Ratings Changes

NWPX has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price for the company. One equities research 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 company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

Several large investors have recently made changes to their positions in the business. State of Wyoming lifted its stake in NWPX Infrastructure by 4.2% during the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 197 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of NWPX Infrastructure by 3.6% in the 4th quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock worth $443,000 after acquiring an additional 245 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of NWPX Infrastructure during the second quarter valued at $41,000. Simplex Trading LLC lifted its holdings in shares of NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 320 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of 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 purchasing an additional 338 shares during the period. Institutional investors own 80.63% of the company’s stock.

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.