NWPX Infrastructure (NASDAQ:NWPX) Director Keith Larson Sells 1,172 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,172 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $110.04, for a total value of $128,966.88. Following the completion of the sale, the director owned 18,711 shares in the company, valued at $2,058,958.44. This represents a 5.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

Shares of NASDAQ NWPX traded up $1.55 during midday trading on Wednesday, hitting $110.63. 65,221 shares of the company’s stock were exchanged, compared to its average volume of 149,245. 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. The company’s 50 day moving average price is $126.83 and its 200 day moving average price is $106.15. The firm has a market capitalization of $1.07 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share 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 analysts’ expectations of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. As a group, analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wexford Capital LP purchased a new stake in NWPX Infrastructure in the 3rd quarter worth approximately $29,000. Simplex Trading LLC grew its stake in shares of NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 320 shares during the period. Meeder Asset Management Inc. bought a new stake in NWPX Infrastructure during the second quarter valued at approximately $41,000. Kemnay Advisory Services Inc. bought a new stake in NWPX Infrastructure during the 4th quarter worth approximately $71,000. Finally, State of Wyoming purchased a new stake in shares of NWPX Infrastructure during the second quarter worth about $98,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

NWPX has been the subject of a number of research analyst reports. 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 NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.00.

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.