NWPX Infrastructure (NASDAQ:NWPX) Director Sells $144,825.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,250 shares of the company’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $115.86, for a total transaction of $144,825.00. Following the completion of the transaction, the director owned 21,133 shares in the company, valued at approximately $2,448,469.38. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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

NASDAQ NWPX opened at $109.82 on Friday. The firm has a 50-day moving average of $130.83 and a 200-day moving average of $103.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The stock has a market cap of $1.06 billion, a PE ratio of 22.01, a P/E/G ratio of 1.87 and a beta of 1.09. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly 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. The business had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc raised its position in NWPX Infrastructure by 3.3% in the fourth quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock worth $12,560,000 after acquiring an additional 6,440 shares during the period. LSV Asset Management increased its stake in shares of NWPX Infrastructure by 106.9% during the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after purchasing an additional 74,158 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of NWPX Infrastructure during the 1st quarter worth approximately $1,770,000. Sei Investments Co. raised its holdings in shares of NWPX Infrastructure by 99.3% in the 1st quarter. Sei Investments Co. now owns 19,577 shares of the industrial products company’s stock worth $1,524,000 after purchasing an additional 9,752 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of NWPX Infrastructure in the 1st quarter worth approximately $3,339,000. 80.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective for the company. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.