NWPX Infrastructure (NASDAQ:NWPX) CFO Aaron Wilkins Sells 428 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 428 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $120.00, for a total value of $51,360.00. Following the sale, the chief financial officer directly owned 25,898 shares of the company’s stock, valued at $3,107,760. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 2.5%

Shares of NWPX opened at $111.76 on Wednesday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.92 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. NWPX Infrastructure, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03. The company has a 50-day moving average of $132.01 and a 200 day moving average of $101.67.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The business had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. On average, research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Trading of NWPX Infrastructure

Several institutional investors have recently modified their holdings of NWPX. BlackRock Inc. purchased a new position in NWPX Infrastructure in the 2nd quarter worth approximately $329,209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of NWPX Infrastructure by 2.2% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company’s stock valued at $30,453,000 after purchasing an additional 12,272 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of NWPX Infrastructure by 3.3% in the fourth quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock valued at $12,560,000 after purchasing an additional 6,440 shares during the last quarter. LSV Asset Management increased its holdings in shares of NWPX Infrastructure by 106.9% in the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock valued at $8,971,000 after purchasing an additional 74,158 shares during the last quarter. Finally, Heartland Advisors Inc. purchased a new position in NWPX Infrastructure during the second quarter worth approximately $20,992,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NWPX shares. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target for the company. Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NWPX Infrastructure has an average rating of “Moderate Buy” and a consensus price target of $110.00.

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.