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 Monday, September 21st. The stock was sold at an average price of $102.31, for a total value of $102,310.00. Following the completion of the sale, the director directly owned 15,633 shares in the company, valued at $1,599,412.23. This represents a 6.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Price Performance

NASDAQ NWPX traded down $1.72 during mid-day trading on Wednesday, hitting $101.61. The stock had a trading volume of 67,446 shares, compared to its average volume of 148,447. The firm’s 50 day moving average is $116.17 and its 200 day moving average is $109.18. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The stock has a market capitalization of $979.56 million, a price-to-earnings ratio of 20.39, a PEG ratio of 1.72 and a beta of 1.09.

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, beating analysts’ consensus estimates of $1.33 by $0.29. The company had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Equities research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Institutional Trading of NWPX Infrastructure

Hedge funds have recently made changes to their positions in the business. Deutsche Bank AG purchased a new stake in NWPX Infrastructure during the 2nd quarter worth approximately $1,425,000. BlackRock Inc. acquired a new position in shares of NWPX Infrastructure in the second quarter worth $135,365,000. Legal & General Group Plc increased its position in shares of NWPX Infrastructure by 3.3% during 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 during the period. Crown Advisors Management Inc. acquired a new stake in shares of NWPX Infrastructure in the second quarter valued at $10,496,000. Finally, Empowered Funds LLC acquired a new position in NWPX Infrastructure during the 2nd quarter worth $6,997,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.00.

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.