NWPX Infrastructure (NASDAQ:NWPX) CFO Sells $300,039.10 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 5,009 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $59.90, for a total transaction of $300,039.10. Following the completion of the sale, the chief financial officer owned 19,753 shares in the company, valued at $1,183,204.70. This represents a 20.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Aaron Wilkins also recently made the following trade(s):

• On Tuesday, December 9th, Aaron Wilkins sold 1,241 shares of NWPX Infrastructure stock. The shares were sold at an average price of $60.10, for a total value of $74,584.10.

NWPX Infrastructure Price Performance

Shares of NASDAQ NWPX traded up $0.54 during mid-day trading on Wednesday, hitting $60.17. 48,212 shares of the stock traded hands, compared to its average volume of 66,840. The company has a market cap of $578.23 million, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.94. NWPX Infrastructure, Inc. has a twelve month low of $36.97 and a twelve month high of $65.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62. The firm has a 50 day simple moving average of $55.99 and a two-hundred day simple moving average of $49.17.

NWPX Infrastructure (NASDAQ:NWPX) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.02 by $0.36. The firm had revenue of $151.07 million during the quarter, compared to the consensus estimate of $132.01 million. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%. As a group, equities research analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of NWPX Infrastructure

Hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC boosted its holdings 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 acquiring an additional 17,507 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of NWPX Infrastructure during the second quarter valued at about $2,092,000. AlphaQuest LLC boosted its holdings in 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 purchasing an additional 6,307 shares during the last quarter. Brandywine Global Investment Management LLC boosted its holdings in NWPX Infrastructure by 17.0% during the second quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company’s stock worth $1,740,000 after purchasing an additional 6,180 shares during the last quarter. Finally, LSV Asset Management bought a new stake in NWPX Infrastructure in the 2nd quarter worth about $1,066,000. Institutional investors 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.