NWPX Infrastructure (NASDAQ:NWPX) CEO Scott Montross Sells 2,500 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $118.74, for a total transaction of $296,850.00. Following the transaction, the chief executive officer owned 76,129 shares of the company’s stock, valued at approximately $9,039,557.46. The trade was a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 2.5%

Shares of NASDAQ NWPX opened at $111.76 on Wednesday. The company’s 50 day moving average price is $132.01 and its 200-day moving average price is $101.67. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The company has a market capitalization of $1.08 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.92 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share 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 company had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. Equities analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

Large investors have recently bought and sold shares of the stock. Wexford Capital LP acquired a new position in shares of NWPX Infrastructure during the third quarter valued at about $29,000. Simplex Trading LLC boosted its position in shares of NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 320 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at about $41,000. State of Wyoming acquired a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at about $60,000. Finally, Kemnay Advisory Services Inc. bought a new stake in NWPX Infrastructure in the 4th quarter valued at about $71,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NWPX shares. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Zacks Research lowered NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set 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 given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.00.

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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.