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 that occurred on Tuesday, August 4th. The shares were sold at an average price of $128.62, for a total value of $321,550.00. Following the sale, the chief executive officer owned 78,629 shares in the company, valued at approximately $10,113,261.98. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 4.6%

Shares of NWPX stock opened at $118.50 on Friday. The stock has a market cap of $1.14 billion, a P/E ratio of 23.75, a price-to-earnings-growth ratio of 2.08 and a beta of 1.09. NWPX Infrastructure, Inc. has a one year low of $41.73 and a one year high of $152.03. The stock has a fifty day moving average price of $132.20 and a 200 day moving average price of $100.68. 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 announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) 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 analyst estimates of $154.70 million. Analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target for the company. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings upgraded NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in the company. Horizon Investment Services LLC bought a new stake in shares of NWPX Infrastructure in the 2nd quarter worth about $228,000. Global Retirement Partners LLC acquired a new stake in shares of NWPX Infrastructure during the 2nd quarter worth about $389,000. Bank of New York Mellon Corp bought a new position in NWPX Infrastructure during the 2nd quarter valued at about $7,428,000. State of Wyoming bought a new position in NWPX Infrastructure during the 2nd quarter valued at about $60,000. Finally, GSA Capital Partners LLP bought a new position in NWPX Infrastructure during the 2nd quarter valued at about $1,191,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.