Miles Brittain Sells 4,000 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 4,000 shares of NWPX Infrastructure stock in a transaction on Monday, November 24th. The stock was sold at an average price of $56.41, for a total transaction of $225,640.00. Following the transaction, the executive vice president directly owned 25,725 shares of the company’s stock, valued at approximately $1,451,147.25. This trade represents a 13.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Miles Brittain also recently made the following trade(s):

• On Friday, November 14th, Miles Brittain sold 4,000 shares of NWPX Infrastructure stock. The shares were sold at an average price of $56.76, for a total transaction of $227,040.00.

NWPX Infrastructure Stock Performance

NASDAQ NWPX opened at $58.51 on Thursday. The stock has a market cap of $562.28 million, a PE ratio of 15.90, a P/E/G ratio of 1.64 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95. The firm has a 50-day moving average of $54.82 and a 200-day moving average of $47.92. NWPX Infrastructure, Inc. has a 52-week low of $36.97 and a 52-week high of $65.84.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. The business had revenue of $151.07 million for the quarter, compared to analyst estimates of $132.01 million. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.71%. On average, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

A number of large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC increased its position in NWPX Infrastructure by 374.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 22,180 shares of the industrial products company’s stock worth $916,000 after purchasing an additional 17,507 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of NWPX Infrastructure during the second quarter worth $2,092,000. AlphaQuest LLC lifted its stake in shares of NWPX Infrastructure by 115.4% in the 2nd quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock valued at $483,000 after acquiring an additional 6,307 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of NWPX Infrastructure by 673.9% during the 1st quarter. Acadian Asset Management LLC now owns 24,967 shares of the industrial products company’s stock valued at $1,029,000 after acquiring an additional 21,741 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in NWPX Infrastructure by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company’s stock worth $21,793,000 after acquiring an additional 8,837 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DA Davidson boosted their price target on NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wall Street Zen raised NWPX Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Northland Capmk upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of NWPX Infrastructure in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, NWPX Infrastructure presently has an average rating of “Moderate Buy” and an average target price of $62.50.

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.