NWPX Infrastructure (NASDAQ:NWPX) Director Sells $249,986.54 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Amanda Julian sold 3,473 shares of the firm’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $71.98, for a total transaction of $249,986.54. Following the completion of the sale, the director owned 10,417 shares in the company, valued at $749,815.66. The trade was a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

NWPX Infrastructure Price Performance

NWPX Infrastructure stock opened at $71.56 on Friday. The company has a current ratio of 3.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.02. The company has a fifty day simple moving average of $72.34 and a 200-day simple moving average of $62.22. The stock has a market cap of $685.12 million, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $83.12.

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

Institutional Trading of NWPX Infrastructure

Hedge funds and other institutional investors have recently made changes to their positions in the company. LSV Asset Management lifted its holdings in shares of NWPX Infrastructure by 106.9% in the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock valued at $8,971,000 after purchasing an additional 74,158 shares during the last quarter. Franklin Resources Inc. grew its stake in NWPX Infrastructure by 527.6% during the 4th quarter. Franklin Resources Inc. now owns 70,923 shares of the industrial products company’s stock worth $4,432,000 after buying an additional 59,623 shares during the last quarter. Congruence Capital LLC acquired a new position in NWPX Infrastructure during the fourth quarter worth approximately $3,508,000. Legal & General Group Plc increased its position in NWPX Infrastructure by 14.4% during the second quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock worth $13,280,000 after buying an additional 40,751 shares during the period. Finally, Royce & Associates LP lifted its stake in NWPX Infrastructure by 7.1% in the third quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after buying an additional 35,768 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson raised their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings downgraded NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 19th. Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a 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 report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NWPX Infrastructure currently has an average rating of “Buy” and an average price target of $90.00.

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.