Key Points
- Director Richard Roman sold 4,000 NWPX shares at an average price of $96.84, totaling $387,360. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan and reduced his ownership by 13.63%.
- NWPX shares fell 0.6% to $97.61, while the stock traded below its 50-day and 200-day moving averages. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $110.
- The company exceeded quarterly expectations, reporting $1.62 in earnings per share versus the $1.33 consensus estimate and revenue of $159.48 million. Institutional investors own approximately 80.63% of the company.
NWPX Infrastructure, Inc. (NASDAQ:NWPX - Get Free Report) Director Richard Roman sold 4,000 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $96.84, for a total value of $387,360.00. Following the completion of the sale, the director owned 25,340 shares of the company's stock, valued at approximately $2,453,925.60. This represents a 13.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Down 0.6%
NASDAQ:NWPX traded down $0.54 during mid-day trading on Friday, hitting $97.61. The company had a trading volume of 73,230 shares, compared to its average volume of 121,912. The business has a fifty day simple moving average of $106.36 and a 200-day simple moving average of $112.35. The firm has a market capitalization of $940.96 million, a price-to-earnings ratio of 19.56, a PEG ratio of 1.64 and a beta of 1.08. NWPX Infrastructure, Inc. has a 1 year low of $50.76 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.
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 for the quarter, topping 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 company had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. Equities analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered NWPX Infrastructure from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, October 2nd. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.00.
Get Our Latest Report on NWPX
Institutional Investors Weigh In On NWPX Infrastructure
A number of large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in NWPX Infrastructure during the 2nd quarter worth $1,425,000. BlackRock Inc. purchased a new position in NWPX Infrastructure in the 2nd quarter valued at about $135,365,000. Van ECK Associates Corp purchased a new position in NWPX Infrastructure in the 2nd quarter valued at about $5,378,000. Crown Advisors Management Inc. purchased a new position in NWPX Infrastructure in the 2nd quarter valued at about $10,496,000. Finally, Concurrent Investment Advisors LLC purchased a new position in NWPX Infrastructure in the 2nd quarter valued at about $3,063,000. 80.63% of the stock is owned by institutional investors and hedge funds.
NWPX Infrastructure Company Profile
(
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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