NWPX Infrastructure (NASDAQ:NWPX) EVP Miles Brittain Sells 4,000 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 4,000 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $56.76, for a total transaction of $227,040.00. Following the completion of the transaction, the executive vice president owned 29,725 shares in the company, valued at $1,687,191. The trade was a 11.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NWPX Infrastructure Stock Performance

NWPX Infrastructure stock opened at $55.39 on Wednesday. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The firm has a market cap of $532.30 million, a P/E ratio of 15.05, a P/E/G ratio of 1.64 and a beta of 0.91. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $65.84. The firm has a 50-day moving average of $54.30 and a 200-day moving average of $47.22.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. The business had revenue of $151.07 million during the quarter, compared to analyst estimates of $132.01 million. NWPX Infrastructure had a return on equity of 9.71% and a net margin of 7.04%. Sell-side analysts expect that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on NWPX. Weiss Ratings restated a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. DA Davidson lifted their target price on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen upgraded shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Northland Capmk upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NWPX Infrastructure currently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NWPX Infrastructure by 2.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company’s stock valued at $30,453,000 after buying an additional 12,272 shares during the period. Royce & Associates LP increased its position in NWPX Infrastructure by 7.1% during the third quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after acquiring an additional 35,768 shares during the last quarter. Vanguard Group Inc. increased its position in NWPX Infrastructure by 1.7% during the first quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company’s stock valued at $21,793,000 after acquiring an additional 8,837 shares during the last quarter. First Wilshire Securities Management Inc. lifted its holdings in NWPX Infrastructure by 14.2% in the first quarter. First Wilshire Securities Management Inc. now owns 325,602 shares of the industrial products company’s stock valued at $13,447,000 after acquiring an additional 40,448 shares during the period. Finally, Legal & General Group Plc boosted its position in NWPX Infrastructure by 14.4% in the second quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock worth $13,280,000 after purchasing an additional 40,751 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.