Key Points
- CEO Scott Montross sold 2,500 shares on March 16 at an average price of $71.44 for $178,600, lowering his ownership by 3.52% to 68,477 shares.
- The company reported quarterly EPS of $0.93 vs. $0.62 expected and revenue of $125.64M (above estimates), while the stock has risen ~1.3% and trades with a market cap of ~$702M and a PE of 20.43.
- Analysts' consensus is a Buy with a $90 price target after recent upgrades, and institutional investors own about 80.63% of the shares.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) CEO Scott Montross sold 2,500 shares of the business's stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $71.44, for a total value of $178,600.00. Following the transaction, the chief executive officer directly owned 68,477 shares in the company, valued at $4,891,996.88. The trade was a 3.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NWPX Infrastructure Stock Up 1.3%
NWPX opened at $73.36 on Wednesday. The stock's fifty day simple moving average is $72.01 and its 200 day simple moving average is $62.08. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $83.12. The stock has a market cap of $702.06 million, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.92. 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 (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings data 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. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. The firm had revenue of $125.64 million during the quarter, compared to analysts' expectations of $122.00 million. As a group, research analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.
Hedge Funds Weigh In On NWPX Infrastructure
Several institutional investors and hedge funds have recently modified their holdings of NWPX. Illumine Investment Management LLC increased its position in NWPX Infrastructure by 1.2% during the third quarter. Illumine Investment Management LLC now owns 18,330 shares of the industrial products company's stock worth $970,000 after acquiring an additional 219 shares during the period. Engineers Gate Manager LP boosted its holdings in NWPX Infrastructure by 3.6% in the 4th quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company's stock valued at $443,000 after purchasing an additional 245 shares during the period. CWM LLC boosted its holdings in NWPX Infrastructure by 75.8% in 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 period. Simplex Trading LLC grew its position 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 worth $30,000 after purchasing an additional 320 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of NWPX Infrastructure by 2.6% during the 3rd quarter. Rhumbline Advisers now owns 14,547 shares of the industrial products company's stock worth $770,000 after purchasing an additional 367 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently commented on NWPX. Weiss Ratings lowered shares of NWPX Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, February 19th. Wall Street Zen cut NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 8th. Zacks Research raised NWPX Infrastructure from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 2nd. Finally, DA Davidson increased their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, March 2nd. Two 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. Based on data from MarketBeat.com, NWPX Infrastructure presently has an average rating of "Buy" and a consensus price target of $90.00.
View Our Latest Stock Report on NWPX
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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