NWPX Infrastructure (NASDAQ:NWPX) CEO Scott Montross Sells 2,500 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $115.13, for a total value of $287,825.00. Following the completion of the sale, the chief executive officer owned 73,629 shares of the company’s stock, valued at approximately $8,476,906.77. This trade represents a 3.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

NWPX Infrastructure stock opened at $113.75 on Wednesday. The stock has a 50-day simple moving average of $131.44 and a 200 day simple moving average of $103.35. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 22.80, a P/E/G ratio of 1.95 and a beta of 1.09. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The firm had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. On average, research analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NWPX has been the subject of a number of research reports. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Empowered Funds LLC bought a new stake in shares of NWPX Infrastructure during the second quarter worth approximately $6,997,000. Jefferies Financial Group Inc. acquired a new position in NWPX Infrastructure in the second quarter valued at approximately $628,000. Capstone Investment Advisors LLC bought a new position in NWPX Infrastructure in the second quarter valued at approximately $489,000. Bank of America Corp DE acquired a new stake in NWPX Infrastructure during the 2nd quarter worth $4,208,000. Finally, Jupiter Topco LLC acquired a new stake in NWPX Infrastructure during the 2nd quarter worth $808,000. Institutional investors own 80.63% of the company’s stock.

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.