Key Points
- Director Keith Larson sold 1,250 NWPX shares for $144,825 under a pre-arranged Rule 10b5-1 plan, reducing his direct stake by 5.58% to 21,133 shares.
- NWPX shares opened at $113.75 after declining 2.8%; the stock has traded between $49.25 and $152.03 over the past year, with a market capitalization of about $1.10 billion.
- The company exceeded quarterly expectations, reporting $1.62 in EPS versus the $1.33 consensus and revenue of $159.48 million versus estimates of $154.70 million. Analysts maintain a “Moderate Buy” consensus rating, with a $110 average price target.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 1,250 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $115.86, for a total value of $144,825.00. Following the sale, the director directly owned 21,133 shares in the company, valued at $2,448,469.38. This trade represents a 5.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Down 2.8%
NASDAQ NWPX opened at $113.75 on Wednesday. NWPX Infrastructure, Inc. has a 12 month low of $49.25 and a 12 month high of $152.03. 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 stock has a market cap of $1.10 billion, a PE ratio of 22.80, a P/E/G ratio of 1.95 and a beta of 1.09. The stock's 50 day moving average is $131.44 and its 200 day moving average is $103.35.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. Research analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They set a "neutral" rating and a $130.00 target price for the company. Wall Street Zen cut shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Weiss Ratings reissued a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Finally, Zacks Research lowered 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 given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.00.
Read Our Latest Stock Analysis on NWPX
Institutional Trading of NWPX Infrastructure
Several hedge funds have recently modified their holdings of NWPX. State of Wyoming grew its stake in NWPX Infrastructure by 4.2% in the 1st quarter. State of Wyoming now owns 4,879 shares of the industrial products company's stock worth $380,000 after acquiring an additional 197 shares in the last quarter. Engineers Gate Manager LP raised its stake in shares of NWPX Infrastructure by 3.6% during the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company's stock valued at $443,000 after acquiring an additional 245 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of NWPX Infrastructure during the second quarter valued at approximately $41,000. Simplex Trading LLC boosted its holdings in shares of NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 320 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of NWPX Infrastructure by 1.1% in the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company's stock valued at $2,392,000 after purchasing an additional 338 shares during the period. 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.
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