NWPX Infrastructure (NASDAQ:NWPX) Director Richard Roman Sells 4,000 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Richard Roman sold 4,000 shares of NWPX Infrastructure stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $105.72, for a total value of $422,880.00. Following the transaction, the director directly owned 30,340 shares in the company, valued at approximately $3,207,544.80. The trade was a 11.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 3.7%

Shares of NASDAQ NWPX traded down $3.96 during trading on Thursday, hitting $103.05. The stock had a trading volume of 47,258 shares, compared to its average volume of 148,773. The firm has a fifty day moving average of $122.17 and a two-hundred day moving average of $107.60. The company has a market capitalization of $993.35 million, a PE ratio of 20.67, a PEG ratio of 1.78 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. NWPX Infrastructure, Inc. has a 12 month low of $49.25 and a 12 month high of $152.03.

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

Institutional Investors Weigh In On NWPX Infrastructure

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in NWPX Infrastructure during the second quarter worth about $135,365,000. Legal & General Group Plc bought a new stake in shares of NWPX Infrastructure in the second quarter valued at approximately $42,751,000. Heartland Advisors Inc. purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at approximately $20,992,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at approximately $16,659,000. Finally, LSV Asset Management boosted its holdings in NWPX Infrastructure by 106.9% in the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after buying an additional 74,158 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.