Scott Montross Sells 1,227 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 1,227 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $110.58, for a total value of $135,681.66. Following the completion of the transaction, the chief executive officer directly owned 69,902 shares of the company’s stock, valued at $7,729,763.16. This represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Up 0.4%

Shares of NASDAQ NWPX opened at $110.34 on Friday. The company has a 50 day simple moving average of $125.43 and a 200 day simple moving average of $106.66. 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, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The firm has a market cap of $1.06 billion, a PE ratio of 22.11, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. The firm had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in NWPX Infrastructure in the 2nd quarter valued at about $135,365,000. Legal & General Group Plc bought a new stake in shares of NWPX Infrastructure during the second quarter valued at approximately $42,751,000. Heartland Advisors Inc. bought a new stake in shares of NWPX Infrastructure during the second quarter valued at approximately $20,992,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in NWPX Infrastructure during the second quarter worth $16,659,000. Finally, LSV Asset Management lifted its stake in shares of NWPX Infrastructure by 106.9% in the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock valued at $8,971,000 after buying an additional 74,158 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on NWPX shares. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NWPX Infrastructure presently has an average rating of “Moderate Buy” and a consensus 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.