NWPX Infrastructure (NASDAQ:NWPX) VP Sells $362,655.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) VP Megan Kendrick sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total transaction of $362,655.00. Following the completion of the sale, the vice president owned 6,996 shares in the company, valued at $563,807.64. This represents a 39.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NWPX Infrastructure Trading Down 4.1%

Shares of NWPX opened at $75.33 on Monday. The firm has a market capitalization of $720.91 million, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a quick ratio of 2.66, a current ratio of 3.78 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $83.12. The stock’s 50-day moving average price is $70.54 and its 200 day moving average price is $61.05.

NWPX Infrastructure (NASDAQ:NWPX) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.31. The business had revenue of $125.64 million during 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%. As a group, research analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Institutional Trading of NWPX Infrastructure

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

Analyst Upgrades and Downgrades

NWPX has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Zacks Research upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. DA Davidson raised their price objective on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock 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.