Key Points
- Senior Vice President Eric Stokes sold 12,353 NWPX shares for approximately $1.28 million at an average price of $103.38, reducing his holdings by 32.83% under a pre-arranged Rule 10b5-1 plan.
- NWPX reported quarterly EPS of $1.62, exceeding analysts’ $1.33 estimate, while revenue of $159.48 million also topped expectations.
- Analysts maintain a consensus “Moderate Buy” rating with a $110 target price; institutional investors own 80.63% of the company’s stock.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) SVP Eric Stokes sold 12,353 shares of NWPX Infrastructure stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $103.38, for a total value of $1,277,053.14. Following the completion of the transaction, the senior vice president owned 25,274 shares in the company, valued at $2,612,826.12. The trade was a 32.83% decrease in their position. The sale was disclosed in a legal 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 Price Performance
NWPX stock opened at $105.99 on Friday. The company has a market cap of $1.02 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. 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 50-day moving average price of $111.09 and a two-hundred day moving average price of $110.53. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. As a group, research analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.
Analyst Upgrades and Downgrades
NWPX has been the topic of several research reports. 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 price target on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.
View Our Latest Analysis on NWPX
Institutional Investors Weigh In On NWPX Infrastructure
A number of large investors have recently modified their holdings of NWPX. Tidal Investments LLC acquired a new position in NWPX Infrastructure during the 2nd quarter worth approximately $259,000. Engineers Gate Manager LP boosted its holdings in NWPX Infrastructure by 49.4% in the 2nd quarter. Engineers Gate Manager LP now owns 8,680 shares of the industrial products company's stock worth $1,301,000 after acquiring an additional 2,869 shares during the period. NewEdge Advisors LLC acquired a new stake in NWPX Infrastructure in the second quarter valued at approximately $471,000. Allworth Financial LP grew its position in 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 purchased a new stake in shares of NWPX Infrastructure during the second quarter valued at approximately $421,000. Institutional investors and hedge funds own 80.63% of the company's stock.
About NWPX Infrastructure
(
Get Free Report)
Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.
Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.
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