NWPX Infrastructure (NASDAQ:NWPX) Director Keith Larson Sells 1,000 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $101.12, for a total value of $101,120.00. Following the completion of the transaction, the director directly owned 16,633 shares in the company, valued at $1,681,928.96. The trade was a 5.67% decrease in their position. 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 Price Performance

NWPX stock traded down $0.04 during trading on Wednesday, reaching $101.18. 47,867 shares of the company were exchanged, compared to its average volume of 148,405. The company has a market capitalization of $975.36 million, a price-to-earnings ratio of 20.32, a P/E/G ratio of 1.68 and a beta of 1.09. 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 company has a 50-day moving average of $119.33 and a two-hundred day moving average of $108.41. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last posted 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 analysts’ expectations of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. As a group, equities analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NWPX Infrastructure

A number of institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in shares of NWPX Infrastructure during the second quarter worth about $41,000. State of Wyoming bought a new stake in NWPX Infrastructure in the second quarter valued at approximately $98,000. Central Pacific Bank Trust Division acquired a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $156,000. Quantbot Technologies LP acquired a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $197,000. Finally, Post Resch Tallon Group Inc. bought a new position in NWPX Infrastructure during the 2nd quarter worth approximately $202,000. Institutional investors own 80.63% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on NWPX shares. Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

NWPX Infrastructure Company Profile

NWPX Infrastructure, formerly known as Northwest Pipe Company, is an infrastructure manufacturer focused on products used in water transmission, treatment, and management systems. The company designs and produces engineered pipeline systems and related infrastructure for municipal water agencies, utilities, contractors, and other public and private-sector customers.

Its product portfolio includes steel pressure pipe, reinforced concrete pressure pipe, bar-wrapped concrete cylinder pipe, fittings, and other specialized pipeline components.