Key Points
- Director Keith Larson sold 1,000 NWPX shares at an average price of $102.31, for proceeds of $102,310. The Rule 10b5-1 transaction reduced his holdings by 6.01% to 15,633 shares.
- NWPX reported quarterly EPS of $1.62, beating the $1.33 consensus estimate, while revenue of $159.48 million also exceeded expectations. Analysts project full-year EPS of $5.43.
- The stock opened at $102.62, with analysts maintaining a “Moderate Buy” consensus and an average price target of $110.00; institutional investors own 80.63% of the company.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 1,000 shares of the company's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $102.31, for a total value of $102,310.00. Following the sale, the director owned 15,633 shares in the company, valued at approximately $1,599,412.23. This represents a 6.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Performance
Shares of NWPX stock opened at $102.62 on Thursday. 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 company has a fifty day moving average price of $115.52 and a two-hundred day moving average price of $109.35. The stock has a market cap of $989.26 million, a P/E ratio of 20.57, a P/E/G ratio of 1.73 and a beta of 1.09. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The business had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. As a group, equities analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.
Institutional Trading of NWPX Infrastructure
Several institutional investors have recently added to or reduced their stakes in NWPX. Tidal Investments LLC acquired a new position in NWPX Infrastructure in the 2nd quarter valued at $259,000. Engineers Gate Manager LP boosted its position in shares of NWPX Infrastructure by 49.4% in the second quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company's stock valued at $1,301,000 after acquiring an additional 2,869 shares during the period. NewEdge Advisors LLC bought a new stake in shares of NWPX Infrastructure in the second quarter valued at about $471,000. Allworth Financial LP grew its stake in shares of NWPX Infrastructure by 23.0% in the second quarter. Allworth Financial LP now owns 28,491 shares of the industrial products company's stock valued at $4,272,000 after acquiring an additional 5,334 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new position in shares of NWPX Infrastructure in the second quarter valued at about $421,000. 80.63% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Wall Street Zen downgraded NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. Weiss Ratings reissued a "buy (b)" rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a "neutral" rating and a $130.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, NWPX Infrastructure has a consensus rating of "Moderate Buy" and an average target price of $110.00.
Read Our Latest Stock Analysis 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.
Further Reading
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