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

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $71.44, for a total value of $178,600.00. Following the completion of the sale, the chief executive officer owned 68,477 shares in the company, valued at $4,891,996.88. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

NWPX Infrastructure Stock Performance

Shares of NWPX Infrastructure stock traded up $0.94 during trading on Tuesday, hitting $73.36. 92,099 shares of the stock were exchanged, compared to its average volume of 92,215. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.66 and a current ratio of 3.78. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $83.12. The stock’s fifty day moving average is $71.82 and its 200 day moving average is $61.94. The stock has a market cap of $702.35 million, a PE ratio of 20.43, a P/E/G ratio of 1.52 and a beta of 0.92.

NWPX Infrastructure (NASDAQ:NWPX) last posted its earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.31. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. The firm had revenue of $125.64 million during the quarter, compared to analyst estimates of $122.00 million. As a group, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. DA Davidson increased their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings cut shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, Zacks Research upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $90.00.

Institutional Investors Weigh In On NWPX Infrastructure

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Aristides Capital LLC acquired a new stake in NWPX Infrastructure in the 4th quarter valued at about $211,000. Zacks Investment Management grew its stake in shares of NWPX Infrastructure by 9.0% in the 4th quarter. Zacks Investment Management now owns 47,379 shares of the industrial products company’s stock worth $2,961,000 after purchasing an additional 3,918 shares during the last quarter. Uniplan Investment Counsel Inc. raised its holdings in shares of NWPX Infrastructure by 15.1% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 64,320 shares of the industrial products company’s stock worth $4,019,000 after purchasing an additional 8,414 shares in the last quarter. Susquehanna Portfolio Strategies LLC bought a new stake in shares of NWPX Infrastructure in the 4th quarter worth approximately $231,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in NWPX Infrastructure during the fourth quarter valued at approximately $362,000. 80.63% of the stock is currently owned by institutional investors.

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