Keith Larson Sells 1,000 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $105.87, for a total transaction of $105,870.00. Following the transaction, the director owned 17,633 shares of the company’s stock, valued at $1,866,805.71. This represents a 5.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

Shares of NWPX traded down $3.96 during trading hours on Thursday, hitting $103.05. The company’s stock had a trading volume of 47,258 shares, compared to its average volume of 148,773. The business has a 50 day simple moving average of $122.17 and a two-hundred day simple moving average of $107.60. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The company has a market cap of $993.35 million, a price-to-earnings ratio of 20.65, a PEG ratio of 1.78 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The company had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. On average, equities analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NWPX shares. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price for the company. Finally, Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Deutsche Bank AG purchased a new position in NWPX Infrastructure during the second quarter worth about $1,425,000. BlackRock Inc. purchased a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at about $135,365,000. Legal & General Group Plc boosted its position in shares of NWPX Infrastructure by 3.3% during the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock valued at $12,560,000 after acquiring an additional 6,440 shares during the last quarter. Crown Advisors Management Inc. bought a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at about $10,496,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of NWPX Infrastructure during the first quarter worth about $1,770,000. Hedge funds and other 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.