NWPX Infrastructure (NASDAQ:NWPX) SVP Sells 12,353 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) SVP Eric Stokes sold 12,353 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $103.38, for a total transaction of $1,277,053.14. Following the completion of the transaction, the senior vice president directly owned 25,274 shares of the company’s stock, valued at approximately $2,612,826.12. The trade was a 32.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Up 1.2%

Shares of NWPX stock traded up $1.22 during trading on Friday, reaching $105.99. The company’s stock had a trading volume of 124,015 shares, compared to its average volume of 147,855. NWPX Infrastructure, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03. The stock’s 50-day moving average price is $111.56 and its 200 day moving average price is $110.56. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 21.24, a P/E/G ratio of 1.73 and a beta of 1.08. 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 (NASDAQ:NWPX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $154.70 million. On average, research analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on NWPX. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Finally, Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, NWPX Infrastructure presently has an average rating of “Moderate Buy” and an average price target of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

Several large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in NWPX Infrastructure in the second quarter valued at $135,365,000. Legal & General Group Plc purchased a new position in shares of NWPX Infrastructure in the 2nd quarter valued at about $42,751,000. Heartland Advisors Inc. acquired a new stake in shares of NWPX Infrastructure during the 2nd quarter worth about $20,992,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in NWPX Infrastructure during the second quarter worth approximately $16,659,000. Finally, Crown Advisors Management Inc. acquired a new position in NWPX Infrastructure in the second quarter valued at approximately $10,496,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Company Profile

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.