Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CEO Sells $287,825.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $115.13, for a total transaction of $287,825.00. Following the completion of the transaction, the chief executive officer owned 73,629 shares in the company, valued at approximately $8,476,906.77. This represents a 3.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Price Performance

NWPX opened at $109.82 on Friday. The stock’s 50-day moving average price is $130.83 and its 200 day moving average price is $103.96. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. 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 cap of $1.06 billion, a price-to-earnings ratio of 22.01, a PEG ratio of 1.87 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The company had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. As a group, sell-side analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On NWPX Infrastructure

A number of large investors have recently made changes to their positions in the stock. Wexford Capital LP purchased a new stake in shares of NWPX Infrastructure in the 3rd quarter worth about $29,000. Simplex Trading LLC raised its position in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 320 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in NWPX Infrastructure during the second quarter worth about $41,000. State of Wyoming acquired a new position in NWPX Infrastructure during the second quarter worth about $60,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of NWPX Infrastructure in the fourth quarter valued at about $71,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.