Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CEO Sells 2,500 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $72.32, for a total value of $180,800.00. Following the completion of the transaction, the chief executive officer directly owned 70,977 shares in the company, valued at $5,133,056.64. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NWPX Infrastructure Stock Performance

Shares of NWPX stock traded up $1.12 during trading hours on Tuesday, reaching $75.76. 136,171 shares of the company traded hands, compared to its average volume of 90,102. The firm has a 50-day moving average price of $70.77 and a 200 day moving average price of $61.22. The company has a market cap of $725.02 million, a P/E ratio of 21.10, a P/E/G ratio of 1.61 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.78 and a quick ratio of 2.66. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $83.12.

NWPX Infrastructure (NASDAQ:NWPX) last released its earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share (EPS) 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 analyst estimates of $122.00 million. As a group, sell-side analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NWPX Infrastructure

A number of hedge funds and other institutional investors have recently modified their holdings of NWPX. State of Alaska Department of Revenue bought a new position in shares of NWPX Infrastructure during the third quarter worth $28,000. Wexford Capital LP bought a new stake in NWPX Infrastructure in the 3rd quarter valued at $29,000. Simplex Trading LLC lifted its stake in NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 320 shares in the last quarter. CWM LLC lifted its stake in NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 251 shares in the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of NWPX Infrastructure during the 4th quarter valued at about $71,000. Institutional investors own 80.63% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NWPX. Weiss Ratings downgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. DA Davidson upped their target price on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Zacks Research raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $90.00.

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.