Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) EVP Sells $233,937.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 3,300 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $70.89, for a total transaction of $233,937.00. Following the transaction, the executive vice president owned 20,006 shares in the company, valued at $1,418,225.34. The trade was a 14.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Miles Brittain also recently made the following trade(s):

• On Thursday, March 12th, Miles Brittain sold 4,000 shares of NWPX Infrastructure stock. The shares were sold at an average price of $71.01, for a total transaction of $284,040.00.

NWPX Infrastructure Stock Performance

NWPX stock opened at $79.22 on Thursday. 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 company has a 50 day moving average price of $73.06 and a 200 day moving average price of $62.96. NWPX Infrastructure, Inc. has a fifty-two week low of $36.97 and a fifty-two week high of $83.12. The stock has a market capitalization of $758.45 million, a PE ratio of 22.07, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.31. The firm had revenue of $125.64 million for the quarter, compared to the consensus estimate of $122.00 million. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%. Analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NWPX. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Zacks Research upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. DA Davidson raised their target price 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. Finally, Weiss Ratings upgraded shares of NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, NWPX Infrastructure has a consensus rating of “Strong Buy” and a consensus target price of $90.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of NWPX Infrastructure by 274.8% during the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock worth $1,193,000 after purchasing an additional 21,179 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in NWPX Infrastructure in the first quarter valued at about $224,000. Goldman Sachs Group Inc. lifted its stake in NWPX Infrastructure by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock valued at $1,835,000 after buying an additional 6,510 shares during the period. Empowered Funds LLC boosted its holdings in NWPX Infrastructure by 5.6% during the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock worth $1,998,000 after buying an additional 2,547 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in NWPX Infrastructure by 4.9% during the second quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock worth $9,870,000 after buying an additional 11,342 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.

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.