Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) SVP Sells 12,631 Shares of Company Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) SVP Eric Stokes sold 12,631 shares of NWPX Infrastructure stock in a transaction that occurred on 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 directly owned 12,643 shares in the company, valued at approximately $1,338,387.98. This represents a 49.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 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 Stock Down 0.1%

Shares of NWPX traded down $0.12 during mid-day trading on Tuesday, hitting $105.48. 120,209 shares of the company’s stock were exchanged, compared to its average volume of 147,555. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. NWPX Infrastructure, Inc. has a 52 week low of $49.25 and a 52 week high of $152.03. The company has a market cap of $1.02 billion, a PE ratio of 21.14, a P/E/G ratio of 1.78 and a beta of 1.08. The company has a 50-day simple moving average of $110.64 and a 200 day simple moving average of $111.03.

NWPX Infrastructure (NASDAQ:NWPX) last announced 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. 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 analyst estimates of $154.70 million. On average, research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NWPX. Weiss Ratings lowered NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price on the stock. One 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NWPX. BlackRock Inc. acquired a new stake in shares of NWPX Infrastructure during the 2nd quarter worth about $135,365,000. Legal & General Group Plc bought a new position in NWPX Infrastructure in the 2nd quarter valued at about $42,751,000. Heartland Advisors Inc. bought a new position in NWPX Infrastructure in the 2nd quarter valued at about $20,992,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in NWPX Infrastructure during the second quarter worth approximately $16,659,000. Finally, Lazard Asset Management LLC increased its stake in shares of NWPX Infrastructure by 21.3% during the first quarter. Lazard Asset Management LLC now owns 84,574 shares of the industrial products company’s stock worth $6,585,000 after purchasing an additional 14,870 shares during the period. 80.63% of the stock is owned by institutional investors.

NWPX Infrastructure Company Profile

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.