Keith Larson Sells 1,000 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $101.12, for a total transaction of $101,120.00. Following the transaction, the director directly owned 16,633 shares in the company, valued at approximately $1,681,928.96. This represents a 5.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Price Performance

Shares of NWPX Infrastructure stock opened at $103.03 on Friday. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month 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 has a 50-day simple moving average of $118.14 and a two-hundred day simple moving average of $108.74. The stock has a market capitalization of $993.21 million, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.71 and a beta of 1.09.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in NWPX Infrastructure during the second quarter worth $135,365,000. Legal & General Group Plc bought a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $42,751,000. Heartland Advisors Inc. bought a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $20,992,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of NWPX Infrastructure during the 2nd quarter worth $16,659,000. Finally, Crown Advisors Management Inc. acquired a new position in shares of NWPX Infrastructure during the 2nd quarter worth $10,496,000. 80.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

NWPX has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective 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. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. One equities research 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

About NWPX Infrastructure

NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.

Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.