Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) EVP Sells 4,000 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 4,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $56.41, for a total transaction of $225,640.00. Following the sale, the executive vice president directly owned 25,725 shares in the company, valued at $1,451,147.25. The trade was a 13.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Miles Brittain also recently made the following trade(s):

• On Friday, November 14th, Miles Brittain sold 4,000 shares of NWPX Infrastructure stock. The shares were sold at an average price of $56.76, for a total transaction of $227,040.00.

NWPX Infrastructure Stock Up 1.9%

Shares of NWPX stock traded up $1.09 during trading hours on Tuesday, hitting $58.02. 32,900 shares of the company’s stock traded hands, compared to its average volume of 67,626. The company has a quick ratio of 2.81, a current ratio of 3.95 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $54.57 and its two-hundred day simple moving average is $47.71. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $65.84. The stock has a market cap of $557.57 million, a price-to-earnings ratio of 15.77, a PEG ratio of 1.64 and a beta of 0.91.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in shares of NWPX Infrastructure during the third quarter valued at $28,000. Wexford Capital LP bought a new position in NWPX Infrastructure during the 3rd quarter valued at about $29,000. CWM LLC lifted its stake in NWPX Infrastructure by 75.8% during the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 251 shares during the period. Byrne Asset Management LLC boosted its holdings in shares of NWPX Infrastructure by 20.1% during the 2nd quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 482 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of NWPX Infrastructure during the 3rd quarter valued at about $128,000. 80.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NWPX shares. Northland Capmk upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. DA Davidson increased their price objective on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wall Street Zen upgraded shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.50.

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.