Key Points
- Insider sale: SVP Eric Stokes sold 12,631 NWPX shares for approximately $1.34 million at an average price of $105.86 under a pre-arranged Rule 10b5-1 plan, reducing his position by nearly 50%. He also sold 12,353 shares the previous day.
- Financial performance: NWPX reported quarterly EPS of $1.62, exceeding the $1.33 consensus estimate, while revenue of $159.48 million also topped expectations.
- Analyst and institutional view: Analysts assign NWPX a “Moderate Buy” consensus rating with a $110 price target, while institutional investors own 80.63% of the stock.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Keith Larson sold 250 shares of the firm's stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $106.48, for a total value of $26,620.00. Following the transaction, the director owned 14,383 shares of the company's stock, valued at $1,531,501.84. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Down 0.1%
Shares of NASDAQ:NWPX opened at $105.48 on Wednesday. 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 firm has a market capitalization of $1.02 billion, a PE ratio of 21.14, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. The firm's 50-day moving average is $110.22 and its two-hundred day moving average is $111.26. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $154.70 million. Analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.
Hedge Funds Weigh In On NWPX Infrastructure
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of NWPX Infrastructure during the second quarter worth approximately $135,365,000. Legal & General Group Plc purchased a new position in NWPX Infrastructure in the second quarter worth approximately $42,751,000. Heartland Advisors Inc. purchased a new position in NWPX Infrastructure in the second quarter worth approximately $20,992,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in NWPX Infrastructure during the 2nd quarter worth approximately $16,659,000. Finally, Crown Advisors Management Inc. acquired a new position in NWPX Infrastructure during the 2nd quarter worth approximately $10,496,000. 80.63% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on NWPX shares. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a "neutral" rating and a $130.00 target price on the stock. Weiss Ratings downgraded shares of NWPX Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday. Finally, Wall Street Zen lowered NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. One equities research 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 company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $110.00.
Check Out Our Latest Report on NWPX
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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