Insider Selling: NWPX Infrastructure (NASDAQ:NWPX) Director Sells $101,120.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPXGet Free Report) Director Keith Larson sold 1,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $101.12, for a total value of $101,120.00. Following the transaction, the director directly owned 16,633 shares in the company, valued at approximately $1,681,928.96. The trade was a 5.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 1.7%

Shares of NWPX stock opened at $101.33 on Friday. The stock’s fifty day moving average price is $117.48 and its 200 day moving average price is $108.69. NWPX Infrastructure, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03. The company has a market cap of $976.82 million, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.73 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.

NWPX Infrastructure (NASDAQ:NWPXGet Free Report) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating 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 company had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. On average, research analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NWPX shares. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They set 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 report on Wednesday, August 5th. Finally, Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.00.

View Our Latest Report on NWPX

Institutional Investors Weigh In On NWPX Infrastructure

A number of large investors have recently bought and sold shares of NWPX. BlackRock Inc. purchased a new position in NWPX Infrastructure during the 2nd quarter worth approximately $135,365,000. Legal & General Group Plc acquired a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $42,751,000. Heartland Advisors Inc. purchased a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at $20,992,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at $16,659,000. Finally, LSV Asset Management increased its stake in shares of NWPX Infrastructure by 106.9% in the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after acquiring an additional 74,158 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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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