Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) Director Sells $422,880.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPXGet Free Report) Director Richard Roman sold 4,000 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $105.72, for a total value of $422,880.00. Following the completion of the transaction, the director owned 30,340 shares of the company’s stock, valued at $3,207,544.80. This trade represents a 11.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Up 1.0%

NASDAQ NWPX opened at $104.64 on Friday. The business’s fifty day moving average is $120.86 and its 200-day moving average is $107.78. 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 stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.75 and a beta of 1.09. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPXGet Free Report) last posted its quarterly earnings data 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. The business had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. Equities research analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Trading of NWPX Infrastructure

A number of institutional investors have recently modified their holdings of the business. Deutsche Bank AG bought a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at $1,425,000. BlackRock Inc. bought a new position in NWPX Infrastructure in the 2nd quarter worth about $135,365,000. Legal & General Group Plc grew its holdings in NWPX Infrastructure by 3.3% during the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock valued at $12,560,000 after buying an additional 6,440 shares in the last quarter. Crown Advisors Management Inc. bought a new stake in shares of NWPX Infrastructure during the second quarter valued at about $10,496,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of NWPX Infrastructure in the first quarter worth about $1,770,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Read Our Latest Stock Report on NWPX

More NWPX Infrastructure News

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

NWPX Infrastructure Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for NWPX Infrastructure (NASDAQ:NWPX)

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