NWPX Infrastructure (NASDAQ:NWPX) CFO Aaron Wilkins Sells 1,500 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 1,500 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $106.52, for a total transaction of $159,780.00. Following the sale, the chief financial officer directly owned 24,398 shares in the company, valued at approximately $2,598,874.96. The trade was a 5.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aaron Wilkins also recently made the following trade(s):

• On Monday, August 10th, Aaron Wilkins sold 428 shares of NWPX Infrastructure stock. The stock was sold at an average price of $120.00, for a total value of $51,360.00.

NWPX Infrastructure Price Performance

NWPX stock traded down $3.96 during mid-day trading on Thursday, reaching $103.05. 47,258 shares of the company’s stock were exchanged, compared to its average volume of 148,773. 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, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. The stock’s 50 day moving average is $122.17 and its 200 day moving average is $107.60. The company has a market cap of $993.35 million, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.78 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 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The business had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. On average, research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Analysts Set New Price Targets

NWPX has been the topic of several research analyst reports. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. 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 data from MarketBeat.com, NWPX Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Institutional Trading of NWPX Infrastructure

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $41,000. Simplex Trading LLC increased its stake in 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. Wexford Capital LP purchased a new stake in NWPX Infrastructure in the 3rd quarter valued at approximately $29,000. State of Wyoming purchased a new position in NWPX Infrastructure in the second quarter worth $98,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of NWPX Infrastructure in the 2nd quarter valued at about $156,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.