Key Points
- EVP Miles Brittain sold 4,000 shares of NWPX on Nov. 24 at $56.41 for $225,640, marking a 13.46% reduction in his stake (he also sold 4,000 shares on Nov. 14), leaving him with 25,725 shares valued at about $1.45M.
- Recent results beat expectations: NWPX reported Q3 EPS of $1.38 vs. $1.02 expected and revenue of $151.1M vs. $132.0M, while the company trades at a market cap of ~$557.6M with a P/E of 15.77 and strong liquidity ratios (quick 2.81, current 3.95).
- Analyst and institutional backdrop: Analysts rate the stock a "Moderate Buy" with an average target of $62.50 (DA Davidson raised its target to $70), and institutional investors own roughly 80.63% of the shares.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) EVP Miles Brittain sold 4,000 shares of the firm's stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $56.41, for a total value of $225,640.00. Following the completion of the sale, the executive vice president directly owned 25,725 shares in the company, valued at approximately $1,451,147.25. The trade was a 13.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Miles Brittain also recently made the following trade(s):
- On Friday, November 14th, Miles Brittain sold 4,000 shares of NWPX Infrastructure stock. The shares were sold at an average price of $56.76, for a total transaction of $227,040.00.
NWPX Infrastructure Stock Performance
Shares of NWPX stock opened at $58.02 on Wednesday. The firm has a market capitalization of $557.57 million, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95. The company has a 50 day moving average price of $54.69 and a 200 day moving average price of $47.85. NWPX Infrastructure, Inc. has a one year low of $36.97 and a one year high of $65.84.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its earnings results on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.36. The business had revenue of $151.07 million for the quarter, compared to analyst estimates of $132.01 million. NWPX Infrastructure had a return on equity of 9.71% and a net margin of 7.04%. Sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.
Analysts Set New Price Targets
Several research firms recently commented on NWPX. Weiss Ratings restated a "hold (c+)" rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. Northland Capmk upgraded NWPX Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, October 31st. Wall Street Zen raised shares of NWPX Infrastructure from a "hold" rating to a "buy" rating in a research report on Saturday, November 8th. Finally, DA Davidson lifted their price objective on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, NWPX Infrastructure has an average rating of "Moderate Buy" and an average price target of $62.50.
View Our Latest Research Report on NWPX
Institutional Investors Weigh In On NWPX Infrastructure
Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new position in shares of NWPX Infrastructure during the third quarter worth about $28,000. Wexford Capital LP acquired a new position in NWPX Infrastructure in the third quarter valued at approximately $29,000. CWM LLC grew its holdings in shares of NWPX Infrastructure by 75.8% during the third quarter. CWM LLC now owns 582 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 251 shares during the last quarter. Byrne Asset Management LLC grew its holdings in shares of NWPX Infrastructure by 20.1% during the second quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company's stock valued at $118,000 after purchasing an additional 482 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of NWPX Infrastructure during the 3rd quarter worth approximately $128,000. Institutional investors own 80.63% of the company's stock.
NWPX Infrastructure Company Profile
(
Get Free Report)
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.
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