NWPX Infrastructure (NASDAQ:NWPX) Director Keith Larson Sells 1,172 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,172 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $110.04, for a total value of $128,966.88. Following the completion of the sale, the director directly owned 18,711 shares of the company’s stock, valued at approximately $2,058,958.44. The trade was a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Price Performance

NWPX Infrastructure stock opened at $109.88 on Thursday. The stock’s 50 day moving average is $126.16 and its 200 day moving average is $106.40. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. The firm has a market cap of $1.06 billion, a P/E ratio of 22.02, a P/E/G ratio of 1.83 and a beta of 1.10. 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 (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.29. The firm had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. As a group, research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Investors Weigh In On NWPX Infrastructure

A number of large investors have recently bought and sold shares of the stock. State of Wyoming increased its stake in NWPX Infrastructure by 4.2% in the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after purchasing an additional 197 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of NWPX Infrastructure by 3.6% during the 4th quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock worth $443,000 after purchasing an additional 245 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at about $41,000. Simplex Trading LLC grew its stake in shares of NWPX Infrastructure by 193.9% in the 4th 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. Finally, First Trust Advisors LP increased its position in NWPX Infrastructure by 1.1% in the 1st quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock valued at $2,392,000 after buying an additional 338 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set 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 report on Wednesday, August 5th. Finally, Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.