NWPX Infrastructure (NASDAQ:NWPX) Director Keith Larson Sells 1,000 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $101.12, for a total value of $101,120.00. Following the completion of the transaction, the director directly owned 16,633 shares in the company, valued at $1,681,928.96. The trade was a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Up 1.1%

Shares of NWPX opened at $102.35 on Thursday. The stock has a fifty day moving average price of $118.73 and a two-hundred day moving average price of $108.56. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The company has a market cap of $986.65 million, a price-to-earnings ratio of 20.51, a PEG ratio of 1.70 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last announced its 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 company had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. One 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. According to data from MarketBeat, NWPX Infrastructure currently has an average rating of “Moderate Buy” and an average target price of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC bought a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at about $259,000. Engineers Gate Manager LP raised its position in shares of NWPX Infrastructure by 49.4% in the 2nd quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company’s stock valued at $1,301,000 after acquiring an additional 2,869 shares during the period. NewEdge Advisors LLC bought a new position in NWPX Infrastructure during the 2nd quarter worth approximately $471,000. Allworth Financial LP boosted its stake in NWPX Infrastructure by 23.0% during the 2nd quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company’s stock worth $4,272,000 after acquiring an additional 5,334 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new position in NWPX Infrastructure during the second quarter valued at approximately $421,000. Institutional investors own 80.63% of the company’s stock.

About NWPX Infrastructure

NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.

Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.