NWPX Infrastructure (NASDAQ:NWPX) CFO Aaron Wilkins Sells 428 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 428 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $120.00, for a total value of $51,360.00. Following the transaction, the chief financial officer directly owned 25,898 shares in the company, valued at approximately $3,107,760. This represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

NWPX traded down $2.86 on Tuesday, hitting $111.76. 138,910 shares of the company traded hands, compared to its average volume of 150,269. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. The company has a 50 day moving average of $132.17 and a 200-day moving average of $101.37. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.08 billion, a PE ratio of 22.40, a PEG ratio of 2.01 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results 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 company had revenue of $159.48 million for the quarter, compared to the consensus estimate 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 year.

Institutional Trading of NWPX Infrastructure

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in NWPX Infrastructure during the second quarter worth about $329,209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of NWPX Infrastructure by 2.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company’s stock worth $30,453,000 after acquiring an additional 12,272 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of NWPX Infrastructure by 3.3% during the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock worth $12,560,000 after acquiring an additional 6,440 shares in the last quarter. LSV Asset Management grew its holdings in shares of NWPX Infrastructure by 106.9% in the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after acquiring an additional 74,158 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in shares of NWPX Infrastructure by 4.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 102,946 shares of the industrial products company’s stock worth $4,222,000 after acquiring an additional 4,577 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on NWPX. JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Company Profile

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.