NWPX Infrastructure (NASDAQ:NWPX) Director Michael Franson Sells 3,500 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Michael Franson sold 3,500 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $105.30, for a total value of $368,550.00. Following the sale, the director owned 15,924 shares in the company, valued at approximately $1,676,797.20. The trade was a 18.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

NWPX Infrastructure Stock Up 1.0%

NWPX Infrastructure stock traded up $1.01 during midday trading on Friday, hitting $104.64. 95,361 shares of the company were exchanged, compared to its average volume of 148,869. The company has a market cap of $1.01 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03. The company’s fifty day moving average price is $121.51 and its 200-day moving average price is $107.80. 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 (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.29. The company had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, research analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NWPX has been the topic of several analyst reports. Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

Several institutional investors and hedge funds have recently made changes to their positions in NWPX. Meeder Asset Management Inc. bought a new stake in shares of NWPX Infrastructure in the second quarter worth $41,000. Simplex Trading LLC boosted its stake in NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 320 shares during the last quarter. Wexford Capital LP acquired a new position in NWPX Infrastructure during the 3rd quarter worth $29,000. State of Wyoming bought a new stake in shares of NWPX Infrastructure in the 2nd quarter worth about $98,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of NWPX Infrastructure in the 2nd quarter worth about $156,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.