Key Points
- Miles Brittain, EVP of NWPX, sold 3,300 shares on March 20 at an average $70.89 for $233,937 and had previously sold 4,000 shares on March 12, reducing his position by 14.16% to 20,006 shares valued at about $1.42M.
- NWPX posted a quarterly beat—$0.93 EPS vs. $0.62 expected and $125.6M in revenue vs. $122M—and analysts hold a consensus Buy with an average price target of $90 (DA Davidson raised its target to $90).
- Shares opened at $76.04 (up 7.5%), trade near a 52‑week range of $36.97–$83.12, and the company has a market cap of roughly $727.7M with 50/200-day SMAs of $72.60/$62.66.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) EVP Miles Brittain sold 3,300 shares of the business's stock in a transaction on Friday, March 20th. The stock was sold at an average price of $70.89, for a total transaction of $233,937.00. Following the completion of the sale, the executive vice president directly owned 20,006 shares of the company's stock, valued at approximately $1,418,225.34. The trade was a 14.16% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Miles Brittain also recently made the following trade(s):
- On Thursday, March 12th, Miles Brittain sold 4,000 shares of NWPX Infrastructure stock. The shares were sold at an average price of $71.01, for a total transaction of $284,040.00.
NWPX Infrastructure Stock Up 7.5%
Shares of NASDAQ NWPX opened at $76.04 on Tuesday. The firm has a market cap of $727.70 million, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92. The company's 50-day simple moving average is $72.60 and its 200-day simple moving average is $62.66. The company has a quick ratio of 2.66, a current ratio of 3.78 and a debt-to-equity ratio of 0.02. 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 released 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. The firm had revenue of $125.64 million during the quarter, compared to the consensus estimate of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. Equities analysts predict that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have commented on NWPX. Zacks Research raised NWPX Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Monday, March 2nd. Weiss Ratings cut NWPX Infrastructure from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, February 19th. Wall Street Zen downgraded NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 8th. Finally, DA Davidson raised their price objective on NWPX Infrastructure from $70.00 to $90.00 and gave the company a "buy" rating in a report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $90.00.
Get Our Latest Stock Report on NWPX Infrastructure
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC purchased a new stake in shares of NWPX Infrastructure in the third quarter valued at approximately $1,053,000. LSV Asset Management increased its holdings 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 valued at $3,673,000 after purchasing an additional 43,398 shares during the last quarter. Brandywine Global Investment Management LLC lifted its position in 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 buying an additional 6,180 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in NWPX Infrastructure by 67.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 85,527 shares of the industrial products company's stock worth $4,527,000 after buying an additional 34,526 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in NWPX Infrastructure by 4.9% in 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 buying an additional 11,342 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other 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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
