NWPX Infrastructure (NASDAQ:NWPX) CEO Sells 2,500 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $115.13, for a total transaction of $287,825.00. Following the completion of the sale, the chief executive officer directly owned 73,629 shares of the company’s stock, valued at approximately $8,476,906.77. This represents a 3.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 3.3%

Shares of NWPX traded down $3.92 during trading hours on Tuesday, reaching $113.12. 54,276 shares of the company traded hands, compared to its average volume of 148,840. NWPX Infrastructure, Inc. has a 12 month low of $49.25 and a 12 month high of $152.03. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $131.63 and its two-hundred day moving average price is $103.02. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly 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. The company had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. Equities research analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Institutional Trading of NWPX Infrastructure

A number of institutional investors and hedge funds have recently bought and sold shares of NWPX. BlackRock Inc. bought a new position in shares of NWPX Infrastructure in the second quarter worth approximately $329,209,000. William Blair Investment Management LLC purchased a new position in NWPX Infrastructure in the 2nd quarter worth approximately $23,010,000. Legal & General Group Plc bought a new position in NWPX Infrastructure in the 2nd quarter valued at approximately $42,751,000. Bank of America Corp DE bought a new position in shares of NWPX Infrastructure during the second quarter valued at $8,069,000. Finally, Heartland Advisors Inc. purchased a new stake in shares of NWPX Infrastructure during the second quarter valued at $20,992,000. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. started 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. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. 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 company has an average rating of “Moderate Buy” and an average target price 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.