Miles Brittain Sells 4,000 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $71.01, for a total transaction of $284,040.00. Following the completion of the sale, the executive vice president directly owned 23,306 shares in the company, valued at $1,654,959.06. This trade represents a 14.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NWPX Infrastructure Trading Up 2.1%

Shares of NWPX stock traded up $1.48 during trading hours on Monday, hitting $72.42. The company had a trading volume of 129,327 shares, compared to its average volume of 92,411. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.78 and a quick ratio of 2.66. The stock has a market capitalization of $693.06 million, a PE ratio of 20.17, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92. The company’s fifty day moving average is $71.65 and its 200 day moving average is $61.81. NWPX Infrastructure, Inc. has a fifty-two week low of $36.97 and a fifty-two week high of $83.12.

NWPX Infrastructure (NASDAQ:NWPX) last posted its earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.31. The firm had revenue of $125.64 million during the quarter, compared to the consensus estimate of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. Research analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings cut NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. DA Davidson lifted their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Zacks Research raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, NWPX Infrastructure presently has an average rating of “Buy” and an average price target of $90.00.

Institutional Trading of NWPX Infrastructure

Large investors have recently modified their holdings of the stock. LSV Asset Management raised 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 valued at $8,971,000 after acquiring an additional 74,158 shares in the last quarter. Franklin Resources Inc. grew its stake in NWPX Infrastructure by 527.6% during the 4th quarter. Franklin Resources Inc. now owns 70,923 shares of the industrial products company’s stock worth $4,432,000 after purchasing an additional 59,623 shares in the last quarter. Congruence Capital LLC purchased a new stake in NWPX Infrastructure during the 4th quarter worth about $3,508,000. Legal & General Group Plc raised its position in NWPX Infrastructure by 14.4% in the 2nd quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock valued at $13,280,000 after purchasing an additional 40,751 shares in the last quarter. Finally, Royce & Associates LP raised its position in NWPX Infrastructure by 7.1% in the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after purchasing an additional 35,768 shares in the last quarter. Hedge funds and other 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.