Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) CEO Sells 2,500 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction on Monday, August 10th. The stock was sold at an average price of $118.74, for a total value of $296,850.00. Following the transaction, the chief executive officer owned 76,129 shares in the company, valued at approximately $9,039,557.46. This represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 2.5%

Shares of NWPX stock traded down $2.86 on Tuesday, hitting $111.76. 138,910 shares of the stock traded hands, compared to its average volume of 150,269. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03. The firm’s 50-day moving average price is $132.17 and its two-hundred day moving average price is $101.37. The stock has a market capitalization of $1.08 billion, a PE ratio of 22.40, a PEG ratio of 2.01 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The firm had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. As a group, analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Trading of NWPX Infrastructure

Several hedge funds have recently made changes to their positions in NWPX. AQR Capital Management LLC grew its holdings in shares of NWPX Infrastructure by 274.8% in the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock valued at $1,193,000 after purchasing an additional 21,179 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in NWPX Infrastructure during the 1st quarter worth approximately $224,000. Goldman Sachs Group Inc. boosted its position in NWPX Infrastructure by 17.2% in the 1st 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 grew its stake in shares of NWPX Infrastructure by 5.6% in the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock worth $1,998,000 after acquiring an additional 2,547 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of NWPX Infrastructure by 3.7% in the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock worth $1,308,000 after acquiring an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

NWPX has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. Finally, Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. One investment 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, the company has an average rating of “Moderate Buy” and a consensus price target of $110.00.

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.