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

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Keith Larson sold 1,000 shares of NWPX Infrastructure stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $102.31, for a total transaction of $102,310.00. Following the completion of the sale, the director directly owned 15,633 shares in the company, valued at approximately $1,599,412.23. The trade was a 6.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 1.2%

NASDAQ NWPX opened at $101.34 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $976.92 million, a P/E ratio of 20.31, a P/E/G ratio of 1.73 and a beta of 1.09. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The firm has a 50-day moving average price of $114.77 and a 200 day moving average price of $109.53.

NWPX Infrastructure (NASDAQ:NWPX) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. Equities research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on NWPX. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. One investment 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 stock. According to data from MarketBeat.com, NWPX Infrastructure has an average rating of “Moderate Buy” and an average price target of $110.00.

Institutional Investors Weigh In On NWPX Infrastructure

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in NWPX Infrastructure during the second quarter worth approximately $135,365,000. Legal & General Group Plc acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $42,751,000. Heartland Advisors Inc. purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at $20,992,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at $16,659,000. Finally, Crown Advisors Management Inc. acquired a new stake in shares of NWPX Infrastructure during the 2nd quarter worth $10,496,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

About NWPX Infrastructure

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.