Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CEO Sells $135,681.66 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 1,227 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $110.58, for a total transaction of $135,681.66. Following the completion of the sale, the chief executive officer directly owned 69,902 shares in the company, valued at $7,729,763.16. This represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Price Performance

NWPX stock opened at $107.68 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. The stock has a market cap of $1.04 billion, a PE ratio of 21.58, a P/E/G ratio of 1.85 and a beta of 1.09. The firm has a 50 day simple moving average of $124.62 and a two-hundred day simple moving average of $106.66.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $154.70 million. On average, analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. purchased a new position in NWPX Infrastructure in the 2nd quarter worth approximately $41,000. Simplex Trading LLC boosted its stake in shares of NWPX Infrastructure by 193.9% during 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. Wexford Capital LP bought a new position in shares of NWPX Infrastructure in the third quarter worth approximately $29,000. State of Wyoming bought a new position in shares of NWPX Infrastructure in the second quarter worth approximately $98,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of NWPX Infrastructure in the second quarter worth $156,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NWPX. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

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.