Key Points
- EVP Miles Brittain sold 4,000 NWPX shares on March 12 at an average price of $71.01 for $284,040, cutting his stake by 14.65% to 23,306 shares (≈$1.65M).
- NWPX beat expectations for the quarter with $0.93 EPS vs. $0.62 consensus and $125.64M revenue vs. $122M, and the stock is trading around $72 (market cap ≈ $693M, PE 20.17).
- Institutional investors own about 80.63% of the stock and analysts show a mixed but overall positive view — consensus rating "Buy" with a $90 price target despite some recent downgrades.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) EVP Miles Brittain sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $71.01, for a total transaction of $284,040.00. Following the sale, the executive vice president owned 23,306 shares of the company's stock, valued at $1,654,959.06. This trade represents a 14.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
NWPX Infrastructure Stock Up 2.1%
NWPX opened at $72.42 on Tuesday. The company has a current ratio of 3.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $83.12. The company has a market capitalization of $693.35 million, a PE ratio of 20.17, a PEG ratio of 1.52 and a beta of 0.92. The firm's 50 day simple moving average is $71.82 and its two-hundred day simple moving average is $61.94.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. The business had revenue of $125.64 million for the quarter, compared to analysts' expectations of $122.00 million. As a group, equities analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.
Institutional Investors Weigh In On NWPX Infrastructure
A number of institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC purchased a new position in shares of NWPX Infrastructure in the third quarter valued at about $1,053,000. LSV Asset Management boosted its stake in shares of NWPX Infrastructure by 166.9% in the third quarter. LSV Asset Management now owns 69,400 shares of the industrial products company's stock worth $3,673,000 after acquiring an additional 43,398 shares during the period. Brandywine Global Investment Management LLC grew its position in shares of NWPX Infrastructure by 17.0% during the second quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company's stock worth $1,740,000 after purchasing an additional 6,180 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in NWPX Infrastructure by 67.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 85,527 shares of the industrial products company's stock valued at $4,527,000 after purchasing an additional 34,526 shares during the period. Finally, Geode Capital Management LLC raised its stake in NWPX Infrastructure by 4.9% during the 2nd quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company's stock valued at $9,870,000 after purchasing an additional 11,342 shares during the period. Hedge funds and other institutional investors own 80.63% of the company's stock.
Analyst Ratings Changes
NWPX has been the subject of several recent research reports. Weiss Ratings lowered NWPX Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 19th. DA Davidson raised their price objective on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Wall Street Zen cut NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 8th. Finally, Zacks Research raised shares of NWPX Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $90.00.
Get Our Latest Stock Analysis on NWPX Infrastructure
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.
Further Reading
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