NWPX Infrastructure (NASDAQ:NWPX) CFO Sells $127,225.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 2,500 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $50.89, for a total value of $127,225.00. Following the transaction, the chief financial officer directly owned 27,262 shares of the company’s stock, valued at approximately $1,387,363.18. The trade was a 8.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NWPX Infrastructure Stock Performance

Shares of NASDAQ NWPX opened at $53.97 on Friday. The stock has a fifty day moving average price of $44.68 and a two-hundred day moving average price of $42.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95. The firm has a market cap of $520.81 million, a P/E ratio of 16.26, a PEG ratio of 1.57 and a beta of 0.93. NWPX Infrastructure, Inc. has a 1 year low of $36.97 and a 1 year high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%.The company had revenue of $133.18 million during the quarter, compared to the consensus estimate of $120.93 million. Research analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $60.00 price objective on NWPX Infrastructure in a research report on Monday, August 11th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.50.

Institutional Trading of NWPX Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the business. Aquatic Capital Management LLC acquired a new stake in shares of NWPX Infrastructure in the fourth quarter worth $30,000. New York State Teachers Retirement System acquired a new stake in shares of NWPX Infrastructure in the first quarter worth $37,000. Point72 Asset Management L.P. acquired a new stake in shares of NWPX Infrastructure in the fourth quarter worth $53,000. Tower Research Capital LLC TRC boosted its position in shares of NWPX Infrastructure by 33.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company’s stock worth $62,000 after buying an additional 319 shares during the period. Finally, Byrne Asset Management LLC boosted its position in shares of NWPX Infrastructure by 62.2% in the first quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company’s stock worth $99,000 after buying an additional 921 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.