Key Points
- CEO Scott Montross sold 2,500 NWPX shares at an average price of $128.62, generating $321,550. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 3.08%.
- NWPX shares opened at $124.24, down 2.1%, while the company reported quarterly EPS of $1.62, beating estimates of $1.33, and revenue of $159.48 million, above expectations.
- Institutional investors own 80.63% of the stock. Analysts maintain a “Moderate Buy” consensus, with a $110 average price target and ratings ranging from Strong Buy to Hold.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) CEO Scott Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $128.62, for a total value of $321,550.00. Following the sale, the chief executive officer owned 78,629 shares of the company's stock, valued at approximately $10,113,261.98. This trade represents a 3.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Down 2.1%
NWPX stock opened at $124.24 on Thursday. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The company's 50 day moving average is $132.24 and its 200 day moving average is $100.33. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 2.13 and a beta of 1.09. NWPX Infrastructure, Inc. has a 1-year low of $41.57 and a 1-year high of $152.03.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The business had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. Sell-side analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.
Institutional Trading of NWPX Infrastructure
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Simplex Trading LLC grew its position in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 320 shares during the last quarter. Wexford Capital LP bought a new stake in shares of NWPX Infrastructure in the 3rd quarter worth approximately $29,000. Central Pacific Bank Trust Division bought a new stake in shares of NWPX Infrastructure in the 2nd quarter worth approximately $156,000. Kemnay Advisory Services Inc. purchased a new stake in shares of NWPX Infrastructure in the 4th quarter valued at $71,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of NWPX Infrastructure in the 4th quarter valued at $78,000. Hedge funds and other institutional investors own 80.63% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on NWPX shares. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a "neutral" rating and a $130.00 price objective for the company. Wall Street Zen cut NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Weiss Ratings raised NWPX Infrastructure from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded NWPX Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $110.00.
Read 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.
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