Scott Montross Sells 2,500 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $128.62, for a total transaction of $321,550.00. Following the sale, the chief executive officer directly owned 78,629 shares in the company, valued at approximately $10,113,261.98. This represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Price Performance

NWPX traded down $2.65 on Wednesday, hitting $124.24. 163,084 shares of the company were exchanged, compared to its average volume of 150,162. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The business’s fifty day moving average is $132.19 and its 200 day moving average is $99.94. NWPX Infrastructure, Inc. has a fifty-two week low of $41.57 and a fifty-two week high of $152.03. The firm has a market capitalization of $1.20 billion, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 2.19 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly 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. The company had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. As a group, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 5.3 EPS for the current year.

Analyst Upgrades and Downgrades

NWPX has been the topic of a number of research analyst reports. Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective on the stock. Finally, Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, NWPX Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Institutional Trading of NWPX Infrastructure

A number of hedge funds have recently added to or reduced their stakes in NWPX. Wexford Capital LP purchased a new stake in NWPX Infrastructure in the 3rd quarter valued at about $29,000. Simplex Trading LLC grew its holdings in NWPX Infrastructure by 193.9% in the fourth 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. Kemnay Advisory Services Inc. acquired a new position in NWPX Infrastructure during the fourth quarter worth approximately $71,000. Exchange Traded Concepts LLC acquired a new position in NWPX Infrastructure during the fourth quarter worth approximately $78,000. Finally, State of Alaska Department of Revenue raised its stake in NWPX Infrastructure by 141.5% during the fourth quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 754 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

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.