NWPX Infrastructure (NASDAQ:NWPX) Director Keith Larson Sells 1,250 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $115.86, for a total transaction of $144,825.00. Following the completion of the transaction, the director directly owned 21,133 shares in the company, valued at approximately $2,448,469.38. The trade was a 5.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

Shares of NASDAQ NWPX opened at $113.75 on Wednesday. The firm has a 50 day moving average of $131.44 and a 200 day moving average of $103.35. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price on the stock. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

A number of hedge funds have recently modified their holdings of NWPX. BlackRock Inc. purchased a new stake in shares of NWPX Infrastructure in the second quarter worth $329,209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of NWPX Infrastructure by 2.2% during the 3rd 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 buying an additional 12,272 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of NWPX Infrastructure during the 2nd quarter valued at $23,010,000. Legal & General Group Plc purchased a new position in shares of NWPX Infrastructure during the 2nd quarter valued at $42,751,000. Finally, Bank of America Corp DE bought a new position in NWPX Infrastructure in the 2nd quarter worth $8,069,000. 80.63% of the stock is currently 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.