NWPX Infrastructure (NASDAQ:NWPX) Director Amanda Julian Sells 3,473 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Amanda Julian sold 3,473 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $71.98, for a total value of $249,986.54. Following the completion of the sale, the director directly owned 10,417 shares of the company’s stock, valued at approximately $749,815.66. This represents a 25.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NWPX Infrastructure Trading Up 1.3%

NWPX stock opened at $73.36 on Wednesday. The company has a market capitalization of $702.06 million, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.66 and a current ratio of 3.78. NWPX Infrastructure, Inc. has a one year low of $36.97 and a one year high of $83.12. The company’s 50 day moving average price is $72.01 and its two-hundred day moving average price is $62.08.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NWPX Infrastructure

Several institutional investors have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC purchased a new position in shares of NWPX Infrastructure in the third quarter valued at about $1,053,000. LSV Asset Management boosted its holdings in shares of NWPX Infrastructure by 166.9% during the third quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock worth $3,673,000 after purchasing an additional 43,398 shares during the period. Brandywine Global Investment Management LLC boosted its holdings in shares of NWPX Infrastructure by 17.0% during the second quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company’s stock worth $1,740,000 after purchasing an additional 6,180 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of NWPX Infrastructure by 67.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 85,527 shares of the industrial products company’s stock worth $4,527,000 after purchasing an additional 34,526 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of NWPX Infrastructure by 4.9% in the second quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock worth $9,870,000 after purchasing an additional 11,342 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NWPX shares. Zacks Research upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. DA Davidson boosted their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings cut NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 19th. Finally, Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, NWPX Infrastructure has a consensus 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.