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 stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $118.74, for a total transaction of $296,850.00. Following the completion of the sale, the chief executive officer directly owned 76,129 shares of the company’s stock, valued at approximately $9,039,557.46. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Up 1.7%

NWPX opened at $113.67 on Thursday. The stock has a market capitalization of $1.10 billion, a PE ratio of 22.78, a P/E/G ratio of 1.87 and a beta of 1.09. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. 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 50 day moving average price is $131.89 and its 200 day moving average price is $101.98.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. The business had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. As a group, equities research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Trading of NWPX Infrastructure

A number of large investors have recently modified their holdings of NWPX. AQR Capital Management LLC boosted its holdings in NWPX Infrastructure by 274.8% in the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock valued at $1,193,000 after purchasing an additional 21,179 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in NWPX Infrastructure during the 1st quarter worth about $224,000. Goldman Sachs Group Inc. increased its holdings in NWPX Infrastructure by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock worth $1,835,000 after purchasing an additional 6,510 shares during the period. Empowered Funds LLC raised its position in NWPX Infrastructure by 5.6% in the 1st quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock valued at $1,998,000 after purchasing an additional 2,547 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of NWPX Infrastructure by 3.7% during the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock worth $1,308,000 after buying an additional 1,127 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. 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’s stock. Based on data from MarketBeat, NWPX Infrastructure has a consensus rating of “Moderate Buy” and an average target price of $110.00.

About NWPX Infrastructure

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.