Keith Larson Sells 1,250 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,250 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $115.86, for a total value of $144,825.00. Following the sale, the director directly owned 21,133 shares in the company, valued at $2,448,469.38. The trade was a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 2.0%

Shares of NWPX stock opened at $111.48 on Thursday. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The stock’s 50 day simple moving average is $131.22 and its two-hundred day simple moving average is $103.67. The company has a market cap of $1.07 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Wexford Capital LP purchased a new stake in shares of NWPX Infrastructure in the 3rd quarter worth $29,000. Simplex Trading LLC increased its stake in shares of NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after buying an additional 320 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of NWPX Infrastructure during the second quarter valued at $41,000. State of Wyoming bought a new stake in shares of NWPX Infrastructure in the second quarter valued at about $60,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of NWPX Infrastructure in the fourth quarter valued at about $71,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on NWPX. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. One research 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 stock. According to MarketBeat.com, NWPX Infrastructure currently has an average rating of “Moderate Buy” and an average target price 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.