NWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report) Director Michael Franson sold 3,500 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $105.30, for a total value of $368,550.00. Following the completion of the sale, the director owned 15,924 shares of the company’s stock, valued at $1,676,797.20. This trade represents a 18.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
NWPX Infrastructure Price Performance
Shares of NWPX Infrastructure stock opened at $104.64 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of 20.97, a P/E/G ratio of 1.74 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The stock’s fifty day moving average is $120.86 and its 200 day moving average is $107.78. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03.
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.29. The business had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on NWPX
NWPX Infrastructure News Summary
Here are the key news stories impacting NWPX Infrastructure this week:
- Positive Sentiment: Analyst sentiment remains moderately bullish: NWPX has an average rating of “Moderate Buy,” with one Strong Buy, two Buy ratings and two Hold ratings. The average price target is $110, modestly above the stock’s recent trading level. Analyst and stock analysis reference
- Positive Sentiment: Institutional ownership is high at approximately 80.6%. BlackRock, Legal & General, Heartland Advisors and other investors recently established or increased positions, providing a potentially supportive ownership base.
- Positive Sentiment: NWPX’s latest reported quarter showed stronger-than-expected results, with earnings of $1.62 per share versus the $1.33 consensus estimate and revenue of $159.48 million versus expectations of $154.70 million.
- Neutral Sentiment: Reported short interest was zero shares as of September 10, unchanged from the prior report. Because the figures show no meaningful short position, short-covering is unlikely to be a significant near-term catalyst.
- Negative Sentiment: Director Michael Franson sold 3,500 shares for approximately $368,550, reducing his position by 18.0%. SEC filing
- Negative Sentiment: Director Richard Roman sold 4,000 shares for about $422,880, while CFO Aaron Wilkins sold 1,500 shares worth roughly $159,780. Director Keith Larson also sold 1,000 shares for $105,870. The Roman, Larson and Wilkins transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces—but does not eliminate—their signaling value. Insider sales report
Hedge Funds Weigh In On NWPX Infrastructure
Large investors have recently made changes to their positions in the business. State of Wyoming grew its position in shares of NWPX Infrastructure by 4.2% during the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 197 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in NWPX Infrastructure by 3.6% in 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. bought a new position in NWPX Infrastructure in the 2nd quarter worth approximately $41,000. Simplex Trading LLC boosted 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 worth $30,000 after purchasing an additional 320 shares during the period. Finally, First Trust Advisors LP grew its holdings in NWPX Infrastructure by 1.1% during 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 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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.
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