Keith Larson Sells 1,172 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,172 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $110.04, for a total transaction of $128,966.88. Following the completion of the sale, the director owned 18,711 shares of the company’s stock, valued at approximately $2,058,958.44. This represents a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Up 1.4%

NWPX Infrastructure stock traded up $1.55 during mid-day trading on Wednesday, hitting $110.63. 65,221 shares of the company’s stock were exchanged, compared to its average volume of 149,245. The firm has a market capitalization of $1.07 billion, a P/E ratio of 22.17, a PEG ratio of 1.84 and a beta of 1.10. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The company’s 50 day simple moving average is $126.83 and its 200-day simple moving average is $106.15.

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

Institutional Trading of NWPX Infrastructure

A number of institutional investors have recently modified their holdings of the company. State of Wyoming raised its position in NWPX Infrastructure by 4.2% during the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock worth $380,000 after acquiring an additional 197 shares in the last quarter. Engineers Gate Manager LP increased its stake in shares of NWPX Infrastructure by 3.6% during the 4th quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 245 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at about $41,000. Simplex Trading LLC raised its holdings in shares of NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 320 shares during the period. Finally, First Trust Advisors LP raised its holdings in shares of NWPX Infrastructure by 1.1% in the 1st quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock valued at $2,392,000 after purchasing an additional 338 shares during the period. 80.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on NWPX. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Finally, Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. One investment 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

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.