NWPX Infrastructure (NASDAQ:NWPX) EVP Michael Wray Sells 4,500 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPXGet Free Report) EVP Michael Wray sold 4,500 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $110.94, for a total value of $499,230.00. Following the completion of the transaction, the executive vice president directly owned 23,886 shares of the company’s stock, valued at $2,649,912.84. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a filing 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 Stock Down 2.0%

Shares of NWPX Infrastructure stock opened at $112.03 on Friday. The business’s fifty day moving average price is $128.04 and its two-hundred day moving average price is $105.46. 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 company has a market capitalization of $1.08 billion, a P/E ratio of 22.45, a PEG ratio of 1.91 and a beta of 1.09. NWPX Infrastructure, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPXGet Free Report) last announced its quarterly earnings results 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 company 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%. As a group, research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Trading of NWPX Infrastructure

Hedge funds and other institutional investors have recently modified their holdings of the company. Wexford Capital LP bought a new position in NWPX Infrastructure during the third quarter valued at about $29,000. Simplex Trading LLC raised its position in NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 320 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in NWPX Infrastructure in the second quarter worth about $41,000. State of Wyoming acquired a new stake in NWPX Infrastructure in the 2nd quarter valued at about $60,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in NWPX Infrastructure in the 4th quarter valued at about $71,000. Institutional investors own 80.63% of the company’s stock.

Analyst Ratings Changes

NWPX has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NWPX Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Read Our Latest Research Report on NWPX

NWPX Infrastructure Company Profile

(Get Free Report)

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.

Further Reading

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

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