NWPX Infrastructure (NASDAQ:NWPX) CEO Scott Montross Sells 1,227 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 1,227 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $110.58, for a total transaction of $135,681.66. Following the sale, the chief executive officer directly owned 69,902 shares in the company, valued at $7,729,763.16. The trade was a 1.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

Shares of NASDAQ:NWPX traded up $1.55 during trading on Wednesday, hitting $110.63. 65,221 shares of the stock traded hands, compared to its average volume of 149,245. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 1.84 and a beta of 1.10. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $126.83 and a two-hundred day moving average price of $106.15.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in NWPX. Wexford Capital LP purchased a new stake in shares of NWPX Infrastructure during the 3rd quarter worth approximately $29,000. Simplex Trading LLC lifted its position 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 during the last quarter. Meeder Asset Management Inc. purchased a new stake in NWPX Infrastructure in the second quarter valued at $41,000. Kemnay Advisory Services Inc. acquired a new position in NWPX Infrastructure in the fourth quarter valued at $71,000. Finally, State of Wyoming acquired a new position in NWPX Infrastructure in the second quarter valued at $98,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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.