Key Points
- Director Michael Franson sold 3,500 NWPX shares at an average price of $105.30, generating $368,550 and reducing his holdings by 18.02% to 15,924 shares.
- NWPX reported stronger-than-expected quarterly results, with earnings of $1.62 per share versus the $1.33 consensus and revenue of $159.48 million versus $154.70 million expected.
- Analyst sentiment remains moderately bullish, with a consensus “Moderate Buy” rating and an average $110 price target; institutional investors own approximately 80.6% of the company.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Michael Franson sold 3,500 shares of the business's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $105.30, for a total transaction of $368,550.00. Following the completion of the sale, the director owned 15,924 shares in the company, valued at approximately $1,676,797.20. The trade was a 18.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NWPX Infrastructure Trading Up 1.0%
Shares of NWPX Infrastructure stock opened at $104.64 on Friday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.74 and a beta of 1.09. The business has a 50-day moving average price of $120.86 and a 200-day moving average price of $107.78. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping 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 the consensus estimate of $154.70 million. Equities research analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on NWPX. Wall Street Zen downgraded 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 research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $110.00.
Check Out Our Latest Analysis on NWPX
More NWPX Infrastructure News
Here are the key news stories impacting NWPX Infrastructure this week:
- Positive Sentiment: Analyst sentiment remains moderately bullish: NWPX has an average rating of “Moderate Buy,” with one Strong Buy, two Buy ratings and two Hold ratings. The average price target is $110, modestly above the stock’s recent trading level. Analyst and stock analysis reference
- Positive Sentiment: Institutional ownership is high at approximately 80.6%. BlackRock, Legal & General, Heartland Advisors and other investors recently established or increased positions, providing a potentially supportive ownership base.
- Positive Sentiment: NWPX’s latest reported quarter showed stronger-than-expected results, with earnings of $1.62 per share versus the $1.33 consensus estimate and revenue of $159.48 million versus expectations of $154.70 million.
- Neutral Sentiment: Reported short interest was zero shares as of September 10, unchanged from the prior report. Because the figures show no meaningful short position, short-covering is unlikely to be a significant near-term catalyst.
- Negative Sentiment: Director Michael Franson sold 3,500 shares for approximately $368,550, reducing his position by 18.0%. SEC filing
- Negative Sentiment: Director Richard Roman sold 4,000 shares for about $422,880, while CFO Aaron Wilkins sold 1,500 shares worth roughly $159,780. Director Keith Larson also sold 1,000 shares for $105,870. The Roman, Larson and Wilkins transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling value. Insider sales report
Institutional Trading of NWPX Infrastructure
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in NWPX Infrastructure by 274.8% in the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company's stock worth $1,193,000 after buying an additional 21,179 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in NWPX Infrastructure during the first quarter valued at $224,000. Goldman Sachs Group Inc. increased its position in NWPX Infrastructure by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company's stock valued at $1,835,000 after acquiring an additional 6,510 shares during the last quarter. Empowered Funds LLC raised its stake in shares of NWPX Infrastructure by 5.6% in the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company's stock valued at $1,998,000 after acquiring an additional 2,547 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of NWPX Infrastructure by 3.7% in the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company's stock valued at $1,308,000 after acquiring an additional 1,127 shares during the period. Hedge funds and other institutional investors own 80.63% of the company's stock.
NWPX Infrastructure Company Profile
(
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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