Key Points
- NWPX Infrastructure Director Keith Larson sold 1,172 shares for approximately $128,967 under a pre-arranged Rule 10b5-1 trading plan, reducing his ownership by 5.89% to 18,711 shares.
- The company reported a quarterly earnings beat, posting $1.62 in EPS versus the $1.33 analyst consensus and revenue of $159.48 million, ahead of estimates.
- Institutional investors own 80.63% of NWPX, while analysts maintain a “Moderate Buy” consensus with an average price target of $110.00.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 1,172 shares of the company's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $110.04, for a total value of $128,966.88. Following the transaction, the director directly owned 18,711 shares in the company, valued at $2,058,958.44. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Price Performance
Shares of NWPX opened at $109.88 on Thursday. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. The business's fifty day moving average is $126.16 and its 200 day moving average is $106.40. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.06 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.83 and a beta of 1.10.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings results 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 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%. Sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NWPX Infrastructure
Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in NWPX Infrastructure during the 2nd quarter valued at $135,365,000. Legal & General Group Plc bought a new stake in shares of NWPX Infrastructure in the 2nd quarter worth $42,751,000. Heartland Advisors Inc. bought a new stake in shares of NWPX Infrastructure in the 2nd quarter worth $20,992,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NWPX Infrastructure in the second quarter valued at about $16,659,000. Finally, LSV Asset Management raised its holdings 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 valued at $8,971,000 after purchasing an additional 74,158 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on NWPX. Wall Street Zen cut shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. Weiss Ratings restated a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 price target on the stock. 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 stock. According to data from MarketBeat.com, NWPX Infrastructure currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.
View Our Latest Report on NWPX Infrastructure
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.
Read More
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].
