Key Points
- CEO Scott Montross sold 2,500 NWPX shares at an average price of $118.74, generating $296,850. The Rule 10b5-1 transaction reduced his direct holdings by 3.18% to 76,129 shares.
- NWPX reported quarterly EPS of $1.62, beating analyst estimates of $1.33, while revenue reached $159.48 million versus expectations of $154.70 million.
- The stock opened at $111.76, with analysts giving it a consensus “Moderate Buy” rating and an average price target of $110. Institutional investors own approximately 80.63% of the company.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) CFO Aaron Wilkins sold 428 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $120.00, for a total transaction of $51,360.00. Following the sale, the chief financial officer directly owned 25,898 shares in the company, valued at approximately $3,107,760. The trade was a 1.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Down 2.5%
Shares of NASDAQ:NWPX opened at $111.76 on Wednesday. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.92 and a beta of 1.09. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. The business has a 50-day moving average price of $132.01 and a 200 day moving average price of $101.67. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02.
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 (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The company had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. Sell-side analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.
Analysts Set New Price Targets
Several research analysts recently commented on the company. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a "neutral" rating and a $130.00 target price for the company. Zacks Research lowered NWPX Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 28th. Wall Street Zen cut NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, NWPX Infrastructure presently has an average rating of "Moderate Buy" and a consensus target price of $110.00.
Read Our Latest Report on NWPX Infrastructure
Institutional Trading of NWPX Infrastructure
Several institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc increased its stake in NWPX Infrastructure by 3.3% in the fourth quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company's stock valued at $12,560,000 after purchasing an additional 6,440 shares during the period. LSV Asset Management boosted its stake in shares of NWPX Infrastructure by 106.9% during the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company's stock worth $8,971,000 after buying an additional 74,158 shares during the period. State of Wyoming purchased a new position in shares of NWPX Infrastructure during the fourth quarter worth about $293,000. Y Intercept Hong Kong Ltd purchased a new position in shares of NWPX Infrastructure during the first quarter worth about $1,770,000. Finally, Sei Investments Co. increased its position in NWPX Infrastructure by 99.3% in the 1st quarter. Sei Investments Co. now owns 19,577 shares of the industrial products company's stock valued at $1,524,000 after acquiring an additional 9,752 shares during the period. Hedge funds and other institutional investors own 80.63% of the company's stock.
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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