NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) EVP Michael Wray sold 4,500 shares of the firm's stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $110.94, for a total transaction of $499,230.00. Following the sale, the executive vice president owned 23,886 shares of the company's stock, valued at $2,649,912.84. The trade was a 15.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Price Performance
NASDAQ NWPX opened at $112.03 on Friday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.91 and a beta of 1.09. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The business's fifty day moving average is $128.04 and its two-hundred day moving average is $105.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.29. The company had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. On average, research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on NWPX shares. Weiss Ratings restated a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen lowered shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a "neutral" rating and a $130.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $110.00.
View Our Latest Stock Analysis on NWPX Infrastructure
Institutional Investors Weigh In On NWPX Infrastructure
Several hedge funds have recently bought and sold shares of the business. Legal & General Group Plc grew its stake in NWPX Infrastructure by 3.3% during the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company's stock valued at $12,560,000 after acquiring an additional 6,440 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of NWPX Infrastructure in the first quarter worth approximately $1,770,000. LSV Asset Management lifted its position in shares of NWPX Infrastructure by 106.9% in the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company's stock worth $8,971,000 after purchasing an additional 74,158 shares in the last quarter. Crown Advisors Management Inc. acquired a new stake in shares of NWPX Infrastructure during the second quarter worth approximately $10,496,000. Finally, Sei Investments Co. boosted its holdings in shares of NWPX Infrastructure by 99.3% during the first quarter. Sei Investments Co. now owns 19,577 shares of the industrial products company's stock worth $1,524,000 after purchasing an additional 9,752 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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