NWPX Infrastructure (NASDAQ:NWPX) Stock: Insider Keith Larson Sells 250 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 250 shares of the business’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $106.48, for a total transaction of $26,620.00. Following the transaction, the director owned 14,383 shares in the company, valued at approximately $1,531,501.84. This trade represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 0.1%

NASDAQ:NWPX traded down $0.12 on Tuesday, hitting $105.48. The stock had a trading volume of 120,209 shares, compared to its average volume of 147,555. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The firm’s fifty day simple moving average is $110.64 and its two-hundred day simple moving average is $111.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The stock has a market cap of $1.02 billion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.78 and a beta of 1.08.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results 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 firm had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Deutsche Bank AG bought a new position in NWPX Infrastructure during the second quarter worth about $1,425,000. BlackRock Inc. purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at approximately $135,365,000. Van ECK Associates Corp bought a new position in NWPX Infrastructure in the 2nd quarter worth approximately $5,378,000. Crown Advisors Management Inc. bought a new position in NWPX Infrastructure in the 2nd quarter worth approximately $10,496,000. Finally, Concurrent Investment Advisors LLC purchased a new position in NWPX Infrastructure in the 2nd quarter valued at approximately $3,063,000. Institutional investors own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

NWPX has been the subject of several research analyst reports. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective on the stock. Finally, Weiss Ratings cut shares of NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Company Profile

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.