NWPX Infrastructure (NASDAQ:NWPX) VP Sells $362,655.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) VP Megan Kendrick sold 4,500 shares of NWPX Infrastructure stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total transaction of $362,655.00. Following the sale, the vice president directly owned 6,996 shares of the company’s stock, valued at $563,807.64. This represents a 39.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

NWPX Infrastructure Trading Down 5.1%

Shares of NWPX stock traded down $3.99 during trading hours on Friday, reaching $74.53. The company had a trading volume of 60,287 shares, compared to its average volume of 86,453. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $83.12. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.78 and a quick ratio of 2.62. The firm has a market cap of $713.25 million, a price-to-earnings ratio of 20.76, a P/E/G ratio of 1.75 and a beta of 0.92. The company has a 50 day moving average of $70.32 and a 200 day moving average of $60.75.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.31. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%.The business had revenue of $125.64 million during the quarter, compared to analysts’ expectations of $122.00 million. On average, equities research analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. DA Davidson increased their price target on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Zacks Research raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday. Wall Street Zen raised shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings lowered shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, NWPX Infrastructure has a consensus rating of “Buy” and a consensus target price of $90.00.

Institutional Trading of NWPX Infrastructure

Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue acquired a new position in shares of NWPX Infrastructure in the third quarter valued at approximately $28,000. Wexford Capital LP bought a new stake in NWPX Infrastructure in the 3rd quarter valued at $29,000. Simplex Trading LLC lifted its position in NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 320 shares in the last quarter. CWM LLC boosted its stake in NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 251 shares during the period. Finally, Kemnay Advisory Services Inc. bought a new position in NWPX Infrastructure during the 4th quarter worth about $71,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.