NWPX Infrastructure (NASDAQ:NWPX) SVP Sells $1,277,053.14 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) SVP Eric Stokes sold 12,353 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $103.38, for a total transaction of $1,277,053.14. Following the transaction, the senior vice president owned 25,274 shares in the company, valued at approximately $2,612,826.12. This trade represents a 32.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

Shares of NASDAQ:NWPX opened at $105.99 on Monday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.78 and a beta of 1.08. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The stock’s 50-day simple moving average is $111.09 and its two-hundred day simple moving average is $110.80. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The firm had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. Analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NWPX. Meeder Asset Management Inc. purchased a new position in shares of NWPX Infrastructure in the second quarter valued at about $41,000. State of Wyoming purchased a new stake in shares of NWPX Infrastructure during the second quarter worth about $98,000. Central Pacific Bank Trust Division purchased a new stake in shares of NWPX Infrastructure during the second quarter worth about $156,000. Quantbot Technologies LP bought a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $197,000. Finally, The Manufacturers Life Insurance Company bought a new stake in NWPX Infrastructure during the 1st quarter valued at approximately $201,000. Institutional investors own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target for the company. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Weiss Ratings downgraded NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NWPX Infrastructure currently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

About NWPX Infrastructure

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.