NWPX Infrastructure (NASDAQ:NWPX) Stock: Insider Richard Roman Sells 4,000 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Richard Roman sold 4,000 shares of NWPX Infrastructure stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $96.84, for a total transaction of $387,360.00. Following the completion of the transaction, the director directly owned 25,340 shares in the company, valued at approximately $2,453,925.60. The trade was a 13.63% decrease in their position. The sale was disclosed in a 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 Stock Down 0.6%

NWPX Infrastructure stock opened at $97.61 on Friday. The company has a 50 day moving average of $106.36 and a 200-day moving average of $112.35. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a twelve month low of $50.76 and a twelve month high of $152.03. The stock has a market capitalization of $940.96 million, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08.

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

Hedge Funds Weigh In On NWPX Infrastructure

A number of large investors have recently bought and sold shares of NWPX. Central Pacific Bank Trust Division grew its stake in shares of NWPX Infrastructure by 168.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 2,797 shares of the industrial products company’s stock worth $288,000 after acquiring an additional 1,757 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of NWPX Infrastructure in the second quarter worth $259,000. Engineers Gate Manager LP lifted its position in shares of NWPX Infrastructure by 49.4% in the second quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company’s stock worth $1,301,000 after purchasing an additional 2,869 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of NWPX Infrastructure in the second quarter worth $471,000. Finally, Allworth Financial LP boosted its holdings in NWPX Infrastructure by 23.0% during the second quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company’s stock worth $4,272,000 after purchasing an additional 5,334 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

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.