NWPX Infrastructure (NASDAQ:NWPX) Stock: Insider Keith Larson Sells 1,000 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report) Director Keith Larson sold 1,000 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $102.20, for a total transaction of $102,200.00. Following the completion of the sale, the director owned 14,633 shares of the company’s stock, valued at approximately $1,495,492.60. The trade was a 6.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Price Performance

Shares of NASDAQ NWPX traded down $0.32 during trading hours on Wednesday, hitting $102.03. 18,621 shares of the stock were exchanged, compared to its average volume of 146,762. The company’s fifty day simple moving average is $112.74 and its two-hundred day simple moving average is $110.11. NWPX Infrastructure, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03. 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 company has a market cap of $983.62 million, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.73 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last issued its 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 business had revenue of $159.48 million during 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%. On average, sell-side analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Institutional Trading of NWPX Infrastructure

Several large investors have recently modified their holdings of NWPX. State of Wyoming increased its stake in NWPX Infrastructure by 4.2% in the 1st quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after buying an additional 197 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in NWPX Infrastructure in the 2nd quarter valued at about $41,000. First Trust Advisors LP grew its stake in NWPX Infrastructure by 1.1% during the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock worth $2,392,000 after buying an additional 338 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in NWPX Infrastructure during the second quarter worth about $156,000. Finally, Hsbc Holdings PLC boosted its stake in shares of NWPX Infrastructure by 32.0% during the first quarter. Hsbc Holdings PLC now owns 4,791 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 1,161 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Finally, Wall Street Zen downgraded shares of 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 issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, NWPX Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

View Our Latest Stock Report on NWPX

About NWPX Infrastructure

(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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