Aaron Wilkins Sells 500 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 500 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $54.02, for a total value of $27,010.00. Following the completion of the sale, the chief financial officer owned 26,762 shares of the company’s stock, valued at $1,445,683.24. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Aaron Wilkins also recently made the following trade(s):

• On Tuesday, September 2nd, Aaron Wilkins sold 2,000 shares of NWPX Infrastructure stock. The shares were sold at an average price of $52.24, for a total value of $104,480.00.
• On Friday, August 22nd, Aaron Wilkins sold 2,500 shares of NWPX Infrastructure stock. The shares were sold at an average price of $50.89, for a total value of $127,225.00.

NWPX Infrastructure Trading Up 1.6%

NASDAQ NWPX opened at $52.21 on Friday. The stock has a 50-day simple moving average of $45.91 and a 200 day simple moving average of $42.89. The company has a market capitalization of $503.83 million, a PE ratio of 15.73, a P/E/G ratio of 1.51 and a beta of 0.91. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. The business had revenue of $133.18 million during the quarter, compared to the consensus estimate of $120.93 million. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. Research analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Analysts Set New Price Targets

Separately, DA Davidson set a $60.00 price target on NWPX Infrastructure in a report on Monday, August 11th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NWPX. Aquatic Capital Management LLC acquired a new position in shares of NWPX Infrastructure during the fourth quarter worth about $30,000. New York State Teachers Retirement System acquired a new position in shares of NWPX Infrastructure during the first quarter worth about $37,000. Point72 Asset Management L.P. acquired a new position in shares of NWPX Infrastructure during the fourth quarter worth about $53,000. Tower Research Capital LLC TRC boosted its position in shares of NWPX Infrastructure by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company’s stock worth $62,000 after buying an additional 319 shares during the period. Finally, Byrne Asset Management LLC boosted its position in shares of NWPX Infrastructure by 62.2% during the first quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company’s stock worth $99,000 after buying an additional 921 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

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.