NWPX Infrastructure (NASDAQ:NWPX) Director Sells $102,310.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $102.31, for a total transaction of $102,310.00. Following the sale, the director directly owned 15,633 shares in the company, valued at approximately $1,599,412.23. The trade was a 6.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

Shares of NWPX stock opened at $102.83 on Friday. 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 moving average price of $114.06 and a 200-day moving average price of $109.48. NWPX Infrastructure, Inc. has a 52 week low of $49.25 and a 52 week high of $152.03. The firm has a market capitalization of $991.28 million, a PE ratio of 20.61, a P/E/G ratio of 1.70 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating 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 company had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. As a group, equities research analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new position in NWPX Infrastructure in the 2nd quarter worth $41,000. State of Wyoming bought a new stake in NWPX Infrastructure during the second quarter valued at about $98,000. Central Pacific Bank Trust Division bought a new stake in NWPX Infrastructure during the second quarter valued at about $156,000. Quantbot Technologies LP purchased a new stake in NWPX Infrastructure in the second quarter worth about $197,000. Finally, Post Resch Tallon Group Inc. purchased a new stake in NWPX Infrastructure in the second quarter worth about $202,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective for the company. Finally, Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. One equities research 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’s stock. According to MarketBeat, NWPX Infrastructure 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.