Scott Montross Sells 2,500 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $72.32, for a total transaction of $180,800.00. Following the sale, the chief executive officer directly owned 70,977 shares in the company, valued at approximately $5,133,056.64. The trade was a 3.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NWPX Infrastructure Stock Performance

Shares of NWPX traded up $1.12 during mid-day trading on Tuesday, hitting $75.76. 136,171 shares of the company traded hands, compared to its average volume of 90,102. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.66 and a current ratio of 3.78. The stock has a 50-day moving average price of $70.77 and a two-hundred day moving average price of $61.22. NWPX Infrastructure, Inc. has a 1 year low of $36.97 and a 1 year high of $83.12. The stock has a market cap of $725.02 million, a price-to-earnings ratio of 21.10, a P/E/G ratio of 1.61 and a beta of 0.92.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC purchased a new stake in shares of NWPX Infrastructure in the 3rd quarter worth $1,053,000. Brandywine Global Investment Management LLC raised its holdings in NWPX Infrastructure by 17.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company’s stock worth $1,740,000 after purchasing an additional 6,180 shares during the period. Allspring Global Investments Holdings LLC lifted its position in NWPX Infrastructure by 67.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 85,527 shares of the industrial products company’s stock valued at $4,527,000 after purchasing an additional 34,526 shares in the last quarter. LSV Asset Management purchased a new position in NWPX Infrastructure during the second quarter valued at $1,066,000. Finally, Geode Capital Management LLC grew 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 valued at $9,870,000 after purchasing an additional 11,342 shares during the period. 80.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on NWPX. Zacks Research upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings cut NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 19th. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, DA Davidson boosted their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, NWPX Infrastructure presently has an average rating of “Buy” and a consensus price target of $90.00.

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.