NWPX Infrastructure (NASDAQ:NWPX) EVP Sells $227,040.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 4,000 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $56.76, for a total value of $227,040.00. Following the completion of the sale, the executive vice president owned 29,725 shares of the company’s stock, valued at $1,687,191. This trade represents a 11.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NWPX Infrastructure Stock Performance

NASDAQ NWPX traded down $0.75 on Tuesday, hitting $55.45. 44,936 shares of the company traded hands, compared to its average volume of 67,743. The business’s 50 day moving average price is $54.21 and its 200-day moving average price is $47.10. NWPX Infrastructure, Inc. has a 52-week low of $36.97 and a 52-week high of $65.84. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $532.83 million, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.64 and a beta of 0.91.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.02 by $0.36. NWPX Infrastructure had a return on equity of 9.71% and a net margin of 7.04%.The firm had revenue of $151.07 million for the quarter, compared to the consensus estimate of $132.01 million. Equities analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in NWPX Infrastructure during the third quarter valued at $28,000. Wexford Capital LP bought a new position in shares of NWPX Infrastructure in the 3rd quarter valued at about $29,000. CWM LLC grew its position in NWPX Infrastructure by 75.8% in the third quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 251 shares in the last quarter. Byrne Asset Management LLC increased its stake in NWPX Infrastructure by 20.1% during the second quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 482 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in NWPX Infrastructure during the third quarter valued at approximately $128,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NWPX shares. Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. Finally, DA Davidson increased their target price on NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.50.

NWPX Infrastructure Company Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.