Keith Larson Sells 1,172 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,172 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $110.04, for a total transaction of $128,966.88. Following the completion of the sale, the director directly owned 18,711 shares of the company’s stock, valued at approximately $2,058,958.44. The trade was a 5.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

NWPX opened at $110.34 on Friday. 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 has a market cap of $1.06 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 1.84 and a beta of 1.09. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The firm’s fifty day simple moving average is $125.43 and its two-hundred day simple moving average is $106.66.

NWPX Infrastructure (NASDAQ:NWPX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 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 business had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. Equities analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NWPX has been the topic of several research reports. 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 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Finally, Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Institutional Trading of NWPX Infrastructure

Several large investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG acquired a new position in shares of NWPX Infrastructure in the second quarter valued at approximately $1,425,000. BlackRock Inc. purchased a new position in NWPX Infrastructure in the 2nd quarter valued at approximately $135,365,000. Legal & General Group Plc grew its stake in shares of NWPX Infrastructure by 3.3% in the fourth quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock worth $12,560,000 after acquiring an additional 6,440 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of NWPX Infrastructure during the first quarter worth $1,770,000. Finally, Crown Advisors Management Inc. purchased a new stake in shares of NWPX Infrastructure during the second quarter worth $10,496,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.