Key Points
- Director Keith Larson sold 1,000 NWPX shares at an average price of $102.20, generating $102,200. The Rule 10b5-1 transaction reduced his direct holdings by 6.4% to 14,633 shares.
- NWPX reported quarterly EPS of $1.62, beating analyst expectations of $1.33, while revenue reached $159.48 million versus the $154.70 million consensus estimate.
- The stock opened at $103.03, with analysts maintaining a consensus “Moderate Buy” rating and a $110 price target; institutional investors own 80.63% of outstanding shares.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 1,000 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $102.20, for a total value of $102,200.00. Following the completion of the sale, the director directly owned 14,633 shares in the company, valued at $1,495,492.60. This represents a 6.40% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Performance
NASDAQ NWPX opened at $103.03 on Thursday. The stock has a market capitalization of $993.21 million, a price-to-earnings ratio of 20.65, a PEG ratio of 1.71 and a beta of 1.09. The business's 50 day moving average is $112.12 and its two-hundred day moving average is $110.32. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month 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.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The business had revenue of $159.48 million during the quarter, compared to analysts' expectations of $154.70 million. Research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.
Institutional Investors Weigh In On NWPX Infrastructure
A number of institutional investors and hedge funds have recently modified their holdings of NWPX. Meeder Asset Management Inc. acquired a new position in NWPX Infrastructure during the second quarter worth $41,000. State of Wyoming purchased a new stake in NWPX Infrastructure during the second quarter worth $98,000. Central Pacific Bank Trust Division acquired a new stake in NWPX Infrastructure in the second quarter valued at $156,000. Quantbot Technologies LP acquired a new stake in NWPX Infrastructure in the second quarter valued at $197,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of NWPX Infrastructure in the first quarter valued at $201,000. Institutional investors and hedge funds own 80.63% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented 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. JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They set a "neutral" rating and a $130.00 price target on the stock. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $110.00.
View Our Latest Stock Report on NWPX
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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