Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) Director Sells 1,000 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of NWPX Infrastructure stock in a transaction on Monday, September 21st. The shares were sold at an average price of $102.31, for a total value of $102,310.00. Following the completion of the transaction, the director owned 15,633 shares in the company, valued at $1,599,412.23. This represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 1.7%

Shares of NASDAQ:NWPX traded down $1.72 during trading on Wednesday, reaching $101.61. The stock had a trading volume of 67,446 shares, compared to its average volume of 148,447. The firm’s 50-day simple moving average is $116.17 and its 200 day simple moving average is $109.18. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. The company has a market capitalization of $979.56 million, a P/E ratio of 20.39, a PEG ratio of 1.72 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The business had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. As a group, research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Analyst Ratings Changes

NWPX has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of 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, Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG acquired a new stake in NWPX Infrastructure in the 2nd quarter valued at $1,425,000. BlackRock Inc. acquired a new stake in shares of NWPX Infrastructure in the second quarter valued at about $135,365,000. Legal & General Group Plc increased its stake in shares of NWPX Infrastructure by 3.3% during the fourth quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock worth $12,560,000 after purchasing an additional 6,440 shares in the last quarter. Crown Advisors Management Inc. acquired a new position in shares of NWPX Infrastructure during the 2nd quarter worth about $10,496,000. Finally, Empowered Funds LLC acquired a new position in shares of NWPX Infrastructure during the 2nd quarter worth about $6,997,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.