NWPX Infrastructure (NASDAQ:NWPX) Director Sells $249,986.54 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Amanda Julian sold 3,473 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $71.98, for a total transaction of $249,986.54. Following the sale, the director owned 10,417 shares in the company, valued at $749,815.66. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NWPX Infrastructure Trading Up 1.3%

Shares of NWPX traded up $0.94 during midday trading on Tuesday, hitting $73.36. The stock had a trading volume of 92,099 shares, compared to its average volume of 92,215. 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 2.66. The stock’s 50 day moving average is $71.82 and its 200 day moving average is $61.94. The firm has a market cap of $702.35 million, a PE ratio of 20.43, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.31. The business had revenue of $125.64 million during the quarter, compared to analyst estimates of $122.00 million. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%. As a group, analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Institutional Trading of NWPX Infrastructure

Several hedge funds have recently modified their holdings of NWPX. State of Alaska Department of Revenue purchased a new position in shares of NWPX Infrastructure in the 3rd quarter worth approximately $28,000. Wexford Capital LP purchased a new stake in NWPX Infrastructure during the third quarter valued at approximately $29,000. Simplex Trading LLC boosted its stake in NWPX Infrastructure by 193.9% in the fourth 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 increased its position in NWPX Infrastructure by 75.8% during the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after buying an additional 251 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in NWPX Infrastructure during the 4th quarter valued at about $71,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NWPX. Weiss Ratings lowered shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Zacks Research raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, DA Davidson increased their price objective on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $90.00.

About NWPX Infrastructure

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.