Key Points
- Director Michael Franson sold 5,506 shares on December 9 at an average price of $60.17 for about $331,296, cutting his stake by 22.91% to 18,525 shares.
- NWPX beat quarterly expectations, reporting $1.38 EPS versus $1.02 expected and $151.07M revenue versus $132.01M, while analysts forecast ~3.32 EPS for the year and the consensus rating is a "Moderate Buy" with an average price target of $62.50.
- Shares are trading higher (up ~3.8%), opened at $62.83, with a market cap of $603.8M, a P/E of 17.07, and a 1‑year range of $36.97–$65.84.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Michael Franson sold 5,506 shares of the firm's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $60.17, for a total transaction of $331,296.02. Following the completion of the transaction, the director directly owned 18,525 shares of the company's stock, valued at approximately $1,114,649.25. This trade represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
NWPX Infrastructure Trading Up 3.8%
Shares of NWPX stock opened at $62.83 on Friday. The stock has a market capitalization of $603.80 million, a price-to-earnings ratio of 17.07, a PEG ratio of 1.67 and a beta of 0.94. The company's fifty day simple moving average is $56.33 and its two-hundred day simple moving average is $49.34. NWPX Infrastructure, Inc. has a 1 year low of $36.97 and a 1 year high of $65.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.36. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%.The company had revenue of $151.07 million during the quarter, compared to analysts' expectations of $132.01 million. As a group, analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.
Hedge Funds Weigh In On NWPX Infrastructure
A number of hedge funds and other institutional investors have recently bought and sold shares of NWPX. State of Alaska Department of Revenue purchased a new stake in shares of NWPX Infrastructure during the 3rd quarter valued at $28,000. Wexford Capital LP purchased a new position in NWPX Infrastructure in the third quarter worth $29,000. CWM LLC increased its stake in NWPX Infrastructure by 75.8% in the third quarter. CWM LLC now owns 582 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 251 shares during the last quarter. Byrne Asset Management LLC increased its stake in NWPX Infrastructure by 20.1% in the second quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company's stock valued at $118,000 after acquiring an additional 482 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in NWPX Infrastructure during the third quarter valued at about $128,000. Hedge funds and other institutional investors own 80.63% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on NWPX shares. Northland Capmk upgraded NWPX Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 31st. Weiss Ratings reissued a "hold (c+)" rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. DA Davidson boosted their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, October 31st. Finally, Wall Street Zen raised shares of NWPX Infrastructure from a "hold" rating to a "buy" rating in a report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $62.50.
View Our Latest Stock Analysis on NWPX Infrastructure
About NWPX Infrastructure
(
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.
Further Reading
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