Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CEO Sells 2,500 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.44, for a total transaction of $178,600.00. Following the sale, the chief executive officer directly owned 68,477 shares in the company, valued at $4,891,996.88. This trade represents a 3.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NWPX Infrastructure Stock Up 1.3%

NASDAQ:NWPX traded up $0.94 on Tuesday, reaching $73.36. The stock had a trading volume of 92,099 shares, compared to its average volume of 92,215. The company has a 50-day moving average of $71.82 and a 200 day moving average of $61.94. The company has a current ratio of 3.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.02. The stock has a market cap of $702.35 million, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $83.12.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%.The business had revenue of $125.64 million for the quarter, compared to analysts’ expectations of $122.00 million. On average, research analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Zacks Research raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Weiss Ratings downgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, DA Davidson lifted their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, NWPX Infrastructure has a consensus rating of “Buy” and an average price target of $90.00.

Institutional Investors Weigh In On NWPX Infrastructure

A number of institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in NWPX Infrastructure in the third quarter worth about $28,000. Wexford Capital LP acquired a new stake in shares of NWPX Infrastructure during the 3rd quarter worth approximately $29,000. Simplex Trading LLC lifted 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 worth $30,000 after purchasing an additional 320 shares during the last quarter. CWM LLC lifted its holdings in shares of NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 251 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in NWPX Infrastructure during the 4th quarter valued at approximately $71,000. Institutional investors own 80.63% of the company’s stock.

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.