Michael Franson Sells 5,506 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Michael Franson sold 5,506 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $60.17, for a total transaction of $331,296.02. Following the transaction, the director owned 18,525 shares of the company’s stock, valued at approximately $1,114,649.25. This represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NWPX Infrastructure Trading Up 2.1%

Shares of NWPX Infrastructure stock traded up $1.28 on Thursday, hitting $61.82. The stock had a trading volume of 32,852 shares, compared to its average volume of 66,907. The firm has a market capitalization of $594.09 million, a P/E ratio of 16.73, a PEG ratio of 1.65 and a beta of 0.94. NWPX Infrastructure, Inc. has a twelve month low of $36.97 and a twelve month high of $65.84. The stock has a 50 day moving average of $56.14 and a 200 day moving average of $49.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.62 and a current ratio of 3.60.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.02 by $0.36. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%.The firm had revenue of $151.07 million for the quarter, compared to the consensus estimate of $132.01 million. Sell-side analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NWPX shares. Northland Capmk raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. DA Davidson increased their target price on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, NWPX Infrastructure currently has an average rating of “Moderate Buy” and an average target price of $62.50.

Hedge Funds Weigh In On NWPX Infrastructure

Institutional investors and hedge funds have recently made changes to their positions in the business. CSM Advisors LLC bought a new position in NWPX Infrastructure during the 2nd quarter valued at about $6,075,000. Russell Investments Group Ltd. increased its position in shares of NWPX Infrastructure by 258.7% during the first quarter. Russell Investments Group Ltd. now owns 96,863 shares of the industrial products company’s stock worth $4,000,000 after purchasing an additional 69,856 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of NWPX Infrastructure during the second quarter worth about $2,092,000. LSV Asset Management grew its holdings in shares of NWPX Infrastructure by 166.9% during the third quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock valued at $3,673,000 after buying an additional 43,398 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of NWPX Infrastructure by 14.4% in the second quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock worth $13,280,000 after purchasing an additional 40,751 shares during the last quarter. 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.