NWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report) Director Keith Larson sold 1,250 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $115.86, for a total value of $144,825.00. Following the transaction, the director directly owned 21,133 shares in the company, valued at approximately $2,448,469.38. The trade was a 5.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
NWPX Infrastructure Stock Down 3.3%
NASDAQ NWPX traded down $3.92 on Tuesday, reaching $113.12. The company had a trading volume of 54,276 shares, compared to its average volume of 148,840. The stock has a market capitalization of $1.09 billion, a P/E ratio of 22.67, a P/E/G ratio of 1.95 and a beta of 1.09. The company’s fifty day moving average is $131.63 and its 200 day moving average is $103.02. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02.
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.29. The business had revenue of $159.48 million for the quarter, compared to analysts’ expectations 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 fiscal year.
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Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of NWPX. BlackRock Inc. purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at $329,209,000. William Blair Investment Management LLC purchased a new position in shares of NWPX Infrastructure in the 2nd quarter worth about $23,010,000. Legal & General Group Plc purchased a new position in shares of NWPX Infrastructure in the 2nd quarter worth about $42,751,000. Bank of America Corp DE bought a new position in NWPX Infrastructure during the second quarter valued at about $8,069,000. Finally, Heartland Advisors Inc. bought a new position in NWPX Infrastructure during the second quarter valued at about $20,992,000. Institutional investors own 80.63% of the company’s stock.
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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