Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CFO Sells $159,780.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $106.52, for a total value of $159,780.00. Following the sale, the chief financial officer owned 24,398 shares of the company’s stock, valued at approximately $2,598,874.96. The trade was a 5.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aaron Wilkins also recently made the following trade(s):

• On Monday, August 10th, Aaron Wilkins sold 428 shares of NWPX Infrastructure stock. The shares were sold at an average price of $120.00, for a total value of $51,360.00.

NWPX Infrastructure Price Performance

NWPX Infrastructure stock opened at $104.64 on Friday. The business’s 50-day simple moving average is $120.86 and its 200 day simple moving average is $107.78. 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 stock has a market cap of $1.01 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 1.75 and a beta of 1.09. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The firm had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. As a group, research analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

NWPX Infrastructure News Summary

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 brokerages have issued reports on NWPX. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NWPX Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

Several large investors have recently modified their holdings of NWPX. Tidal Investments LLC acquired a new stake in shares of NWPX Infrastructure during the second quarter worth about $259,000. Engineers Gate Manager LP grew its position in shares of NWPX Infrastructure by 49.4% in the 2nd quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company’s stock valued at $1,301,000 after purchasing an additional 2,869 shares during the period. NewEdge Advisors LLC acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at approximately $471,000. Allworth Financial LP increased its stake in NWPX Infrastructure by 23.0% during the 2nd quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company’s stock worth $4,272,000 after purchasing an additional 5,334 shares in the last quarter. Finally, Waverly Advisors LLC bought a new stake in NWPX Infrastructure during the 2nd quarter worth approximately $421,000. 80.63% of the stock is currently owned by institutional investors.

About NWPX Infrastructure

NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.

Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.