Key Points
- CFO Aaron Wilkins sold 1,500 NWPX shares at an average price of $106.52, generating $159,780; the transaction reduced his holdings by 5.79% to 24,398 shares. The sale was made under a pre-arranged Rule 10b5-1 plan.
- NWPX reported quarterly EPS of $1.62, exceeding analyst expectations of $1.33, while revenue of $159.48 million also topped estimates. Analysts expect full-year EPS of approximately $5.43.
- The stock has a “Moderate Buy” consensus rating and a $110 average price target, while institutional investors own 80.63% of outstanding shares.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 1,000 shares of the firm's stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $105.87, for a total value of $105,870.00. Following the completion of the transaction, the director directly owned 17,633 shares of the company's stock, valued at approximately $1,866,805.71. This trade represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Down 3.1%
NWPX opened at $103.63 on Friday. The company has a market capitalization of $998.99 million, a P/E ratio of 20.77, a P/E/G ratio of 1.79 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The firm's fifty day moving average price is $121.51 and its two-hundred day moving average price is $107.80. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03.
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 company had revenue of $159.48 million during the quarter, compared to analysts' expectations of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.
Analysts Set New Price Targets
NWPX has been the subject of a number of analyst reports. 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, JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a "neutral" rating and a $130.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $110.00.
Read Our Latest Stock Analysis on NWPX
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of NWPX. BlackRock Inc. acquired a new position in shares of NWPX Infrastructure in the 2nd quarter worth approximately $135,365,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NWPX Infrastructure by 2.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company's stock valued at $30,453,000 after purchasing an additional 12,272 shares in the last quarter. Legal & General Group Plc bought a new position in NWPX Infrastructure in the 2nd quarter valued at $42,751,000. LSV Asset Management raised its position in NWPX Infrastructure by 106.9% in the 4th 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. Finally, Heartland Advisors Inc. acquired a new position in NWPX Infrastructure in the second quarter worth $20,992,000. 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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