NWPX Infrastructure (NASDAQ:NWPX) CFO Sells $159,780.00 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CFO Aaron Wilkins sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $106.52, for a total transaction of $159,780.00. Following the transaction, the chief financial officer owned 24,398 shares of the company’s stock, valued at approximately $2,598,874.96. This trade represents a 5.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Aaron Wilkins also recently made the following trade(s):

• On Monday, August 10th, Aaron Wilkins sold 428 shares of NWPX Infrastructure stock. The shares were sold at an average price of $120.00, for a total transaction of $51,360.00.

NWPX Infrastructure Stock Down 3.7%

NASDAQ NWPX traded down $3.96 on Thursday, hitting $103.05. The stock had a trading volume of 47,258 shares, compared to its average volume of 148,773. The business’s fifty day moving average price is $122.17 and its 200 day moving average price is $107.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The stock has a market cap of $993.35 million, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 1.78 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. The firm 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%. Equities research analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NWPX. Wexford Capital LP purchased a new stake in NWPX Infrastructure in the third quarter valued at $29,000. Simplex Trading LLC boosted its stake in shares of 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 buying an additional 320 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in NWPX Infrastructure during the second quarter worth about $41,000. Kemnay Advisory Services Inc. purchased a new position in NWPX Infrastructure during the fourth quarter valued at approximately $71,000. Finally, State of Wyoming acquired a new position in NWPX Infrastructure in the second quarter valued at approximately $98,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NWPX shares. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NWPX Infrastructure has an average rating of “Moderate Buy” and a consensus target price 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.