Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) EVP Sells $227,040.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $56.76, for a total value of $227,040.00. Following the completion of the transaction, the executive vice president directly owned 29,725 shares in the company, valued at approximately $1,687,191. The trade was a 11.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

NWPX Infrastructure Stock Performance

NWPX Infrastructure stock opened at $53.85 on Friday. NWPX Infrastructure, Inc. has a 52 week low of $36.97 and a 52 week high of $65.84. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The stock has a market cap of $517.50 million, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91. The stock has a 50 day moving average of $54.38 and a 200-day moving average of $47.32.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.36. The firm had revenue of $151.07 million for the quarter, compared to analysts’ expectations of $132.01 million. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.71%. On average, analysts expect that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Institutional Trading of NWPX Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC grew its stake in NWPX Infrastructure by 374.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 22,180 shares of the industrial products company’s stock worth $916,000 after buying an additional 17,507 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of NWPX Infrastructure during the second quarter valued at $2,092,000. AlphaQuest LLC grew its position in shares of NWPX Infrastructure by 115.4% during the second quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock worth $483,000 after acquiring an additional 6,307 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of NWPX Infrastructure by 673.9% during the first quarter. Acadian Asset Management LLC now owns 24,967 shares of the industrial products company’s stock worth $1,029,000 after acquiring an additional 21,741 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of NWPX Infrastructure by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company’s stock worth $21,793,000 after acquiring an additional 8,837 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NWPX has been the topic of several research analyst reports. DA Davidson increased their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Wall Street Zen raised NWPX Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Capmk upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

About NWPX Infrastructure

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.