Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) VP Sells $362,655.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) VP Megan Kendrick sold 4,500 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total value of $362,655.00. Following the transaction, the vice president directly owned 6,996 shares of the company’s stock, valued at $563,807.64. This represents a 39.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NWPX Infrastructure Stock Down 5.1%

NWPX Infrastructure stock traded down $3.99 during midday trading on Friday, reaching $74.53. The stock had a trading volume of 60,287 shares, compared to its average volume of 86,453. The stock has a market capitalization of $713.25 million, a P/E ratio of 20.76, a price-to-earnings-growth ratio of 1.75 and a beta of 0.92. The firm’s fifty day simple moving average is $70.32 and its 200-day simple moving average is $60.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.62 and a current ratio of 3.78. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $83.12.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. The company had revenue of $125.64 million during the quarter, compared to analysts’ expectations of $122.00 million. As a group, analysts expect that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wall Street Zen upgraded NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. DA Davidson upped their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Monday. Finally, Weiss Ratings cut NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $90.00.

Institutional Investors Weigh In On NWPX Infrastructure

A number of institutional investors and hedge funds have recently modified their holdings of NWPX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NWPX Infrastructure by 2.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company’s stock valued at $30,453,000 after acquiring an additional 12,272 shares during the period. Royce & Associates LP raised its stake in NWPX Infrastructure by 7.1% in the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock worth $28,433,000 after purchasing an additional 35,768 shares in the last quarter. Legal & General Group Plc boosted its holdings in NWPX Infrastructure by 14.4% in the 2nd quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock valued at $13,280,000 after purchasing an additional 40,751 shares during the period. American Century Companies Inc. raised its holdings in NWPX Infrastructure by 2.6% in the 2nd quarter. American Century Companies Inc. now owns 246,430 shares of the industrial products company’s stock valued at $10,106,000 after acquiring an additional 6,258 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of NWPX Infrastructure by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock valued at $9,870,000 after buying an additional 11,342 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

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.