Key Points
- CEO Scott Montross sold 2,500 shares on March 9 at an average price of $72.32 for proceeds of $180,800, reducing his stake by 3.4% to 70,977 shares (≈$5.13M).
- NWPX posted a strong quarter with $0.93 EPS (vs. $0.62 expected) and $125.6M in revenue, and analysts have recently raised ratings and set a consensus target price of $90.
- The company has a market cap of about $725M, a PE of 21.1, very low debt (debt/equity 0.02), and high institutional ownership at 80.63%.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) CEO Scott Montross sold 2,500 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $72.32, for a total transaction of $180,800.00. Following the completion of the transaction, the chief executive officer owned 70,977 shares in the company, valued at approximately $5,133,056.64. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
NWPX Infrastructure Trading Up 1.5%
Shares of NWPX Infrastructure stock opened at $75.76 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.78 and a quick ratio of 2.66. NWPX Infrastructure, Inc. has a 1 year low of $36.97 and a 1 year high of $83.12. The firm has a market cap of $725.02 million, a PE ratio of 21.10, a PEG ratio of 1.60 and a beta of 0.92. The company has a 50 day simple moving average of $71.03 and a two-hundred day simple moving average of $61.38.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.31. The firm had revenue of $125.64 million for the quarter, compared to analyst estimates of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. Analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.
Institutional Investors Weigh In On NWPX Infrastructure
A number of institutional investors have recently made changes to their positions in the business. Simplex Trading LLC grew its holdings in shares of NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 320 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in NWPX Infrastructure in the third quarter worth $28,000. Wexford Capital LP purchased a new stake in NWPX Infrastructure during the third quarter valued at about $29,000. CWM LLC boosted its position in 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 buying an additional 251 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new position in shares of NWPX Infrastructure during the fourth quarter valued at about $71,000. Hedge funds and other institutional investors own 80.63% of the company's stock.
Analyst Ratings Changes
NWPX has been the topic of a number of research analyst reports. DA Davidson increased their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, March 2nd. Zacks Research raised NWPX Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 2nd. Weiss Ratings cut NWPX Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 19th. Finally, Wall Street Zen lowered NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, NWPX Infrastructure has a consensus rating of "Buy" and a consensus target price of $90.00.
View Our Latest Stock Report on NWPX
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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.
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