Key Points
- Director Keith Larson sold 1,000 NWPX shares at an average price of $101.12, for total proceeds of $101,120. The Rule 10b5-1 transaction reduced his direct holdings by 5.67% to 16,633 shares.
- NWPX reported quarterly earnings of $1.62 per share, beating analyst expectations of $1.33, while revenue of $159.48 million also exceeded estimates. Analysts expect full-year earnings of approximately $5.43 per share.
- Institutional investors own 80.63% of the company, with major new stakes from BlackRock, Legal & General, and other firms. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $110.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 1,000 shares of the firm's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $101.12, for a total value of $101,120.00. Following the sale, the director directly owned 16,633 shares in the company, valued at $1,681,928.96. The trade was a 5.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Up 1.1%
NASDAQ:NWPX opened at $102.35 on Thursday. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year 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 $986.65 million, a price-to-earnings ratio of 20.51, a PEG ratio of 1.70 and a beta of 1.09. The stock has a 50-day moving average price of $118.73 and a two-hundred day moving average price of $108.56.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its quarterly 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 analyst estimates of $154.70 million. As a group, equities analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of NWPX Infrastructure during the second quarter valued at about $135,365,000. Legal & General Group Plc acquired a new stake in shares of NWPX Infrastructure in the second quarter valued at about $42,751,000. Heartland Advisors Inc. acquired a new stake in shares of NWPX Infrastructure during the second quarter worth $20,992,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at about $16,659,000. Finally, LSV Asset Management boosted its position in shares of NWPX Infrastructure by 106.9% during 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 in the last quarter. Institutional investors and hedge funds own 80.63% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NWPX Infrastructure in a research note 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. assumed coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 target price on the stock. One equities research 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. Based on data from MarketBeat.com, NWPX Infrastructure presently has a consensus rating of "Moderate Buy" and an average target price of $110.00.
Read Our Latest Stock Report on NWPX Infrastructure
About NWPX Infrastructure
(
Get Free Report)
NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.
Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.
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