Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) EVP Sells $499,230.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Michael Wray sold 4,500 shares of the stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $110.94, for a total transaction of $499,230.00. Following the sale, the executive vice president owned 23,886 shares of the company’s stock, valued at approximately $2,649,912.84. This represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 2.0%

Shares of NWPX stock traded down $2.25 during trading hours on Friday, reaching $112.03. The company’s stock had a trading volume of 106,031 shares, compared to its average volume of 147,767. The stock has a market capitalization of $1.08 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.88 and a beta of 1.09. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. The firm’s fifty day simple moving average is $128.58 and its 200 day simple moving average is $105.41. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The company had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. Equities research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Analyst Upgrades and Downgrades

NWPX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

Several institutional investors have recently made changes to their positions in NWPX. Wexford Capital LP purchased a new position in shares of NWPX Infrastructure in the third quarter worth approximately $29,000. Simplex Trading LLC increased its holdings in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after buying an additional 320 shares during the last quarter. Meeder Asset Management Inc. bought a new position in NWPX Infrastructure in the second quarter worth approximately $41,000. State of Wyoming bought a new position in NWPX Infrastructure in the second quarter worth approximately $60,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of NWPX Infrastructure during the 4th quarter worth $71,000. Institutional investors own 80.63% of the company’s stock.

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.