Keith Larson Sells 1,000 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of NWPX Infrastructure stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $105.87, for a total transaction of $105,870.00. Following the sale, the director owned 17,633 shares of the company’s stock, valued at approximately $1,866,805.71. This represents a 5.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Up 1.0%

Shares of NASDAQ NWPX opened at $104.64 on Friday. The company’s 50 day simple moving average is $120.86 and its 200 day simple moving average is $107.78. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03. The firm has a market capitalization of $1.01 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.74 and a beta of 1.09. 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 data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The firm had revenue of $159.48 million for the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Hedge Funds Weigh In On NWPX Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming increased its position in shares of NWPX Infrastructure by 4.2% in the 1st quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after buying an additional 197 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in NWPX Infrastructure by 3.6% during the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock worth $443,000 after acquiring an additional 245 shares in the last quarter. Meeder Asset Management Inc. bought a new position in NWPX Infrastructure during the second quarter worth about $41,000. Simplex Trading LLC grew its stake in NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 320 shares during the period. Finally, First Trust Advisors LP grew its stake in NWPX Infrastructure by 1.1% in the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock valued at $2,392,000 after acquiring an additional 338 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

Trending Headlines about NWPX Infrastructure

Here are the key news stories impacting NWPX Infrastructure this week:

• Positive Sentiment: Analyst sentiment remains moderately bullish: NWPX has an average rating of “Moderate Buy,” with one Strong Buy, two Buy ratings and two Hold ratings. The average price target is $110, modestly above the stock’s recent trading level. Analyst and stock analysis reference
• Positive Sentiment: Institutional ownership is high at approximately 80.6%. BlackRock, Legal & General, Heartland Advisors and other investors recently established or increased positions, providing a potentially supportive ownership base.
• Positive Sentiment: NWPX’s latest reported quarter showed stronger-than-expected results, with earnings of $1.62 per share versus the $1.33 consensus estimate and revenue of $159.48 million versus expectations of $154.70 million.
• Neutral Sentiment: Reported short interest was zero shares as of September 10, unchanged from the prior report. Because the figures show no meaningful short position, short-covering is unlikely to be a significant near-term catalyst.
• Negative Sentiment: Director Michael Franson sold 3,500 shares for approximately $368,550, reducing his position by 18.0%. SEC filing
• Negative Sentiment: Director Richard Roman sold 4,000 shares for about $422,880, while CFO Aaron Wilkins sold 1,500 shares worth roughly $159,780. Director Keith Larson also sold 1,000 shares for $105,870. The Roman, Larson and Wilkins transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling value. Insider sales report

Analysts Set New Price Targets

A number of research firms recently commented on NWPX. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.