Key Points
- Insider sale: VP Megan Kendrick sold 4,500 shares on March 4 at an average of $80.59 for $362,655, reducing her stake by 39.14% to 6,996 shares (worth ≈ $563,808).
- Strong quarter and bullish analyst sentiment: NWPX beat estimates with $0.93 EPS (vs. $0.62) and $125.64M revenue, and analysts have upgraded the stock to an average "Buy" rating with a consensus price target of $90.00.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) VP Megan Kendrick sold 4,500 shares of NWPX Infrastructure stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $80.59, for a total value of $362,655.00. Following the completion of the transaction, the vice president owned 6,996 shares of the company's stock, valued at approximately $563,807.64. This trade represents a 39.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
NWPX Infrastructure Stock Performance
Shares of NWPX opened at $75.33 on Friday. The stock's 50-day simple moving average is $70.54 and its 200 day simple moving average is $60.92. The stock has a market capitalization of $720.91 million, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 1.68 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.62 and a current ratio of 3.78. NWPX Infrastructure, Inc. has a 52-week low of $36.97 and a 52-week high of $83.12.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.31. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%.The business had revenue of $125.64 million during the quarter, compared to analyst estimates of $122.00 million. Research analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have issued reports on NWPX. Zacks Research upgraded shares of NWPX Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 2nd. Wall Street Zen upgraded NWPX Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 28th. Weiss Ratings cut NWPX Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, February 19th. Finally, DA Davidson raised their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, NWPX Infrastructure currently has an average rating of "Buy" and a consensus price target of $90.00.
Read Our Latest Report on NWPX
Institutional Trading of NWPX Infrastructure
Hedge funds have recently made changes to their positions in the stock. Simplex Trading LLC grew its position in NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock worth $30,000 after acquiring an additional 320 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in NWPX Infrastructure during the third quarter worth about $28,000. Wexford Capital LP purchased a new position in shares of NWPX Infrastructure in the 3rd quarter worth about $29,000. CWM LLC increased its position in shares of NWPX Infrastructure by 75.8% during the 3rd 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. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of NWPX Infrastructure during the 4th quarter valued at about $71,000. 80.63% of the stock is owned by institutional investors.
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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.
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