NWPX Infrastructure (NASDAQ:NWPX) Director Richard Roman Sells 4,000 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Richard Roman sold 4,000 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $96.84, for a total transaction of $387,360.00. Following the transaction, the director directly owned 25,340 shares of the company’s stock, valued at approximately $2,453,925.60. This represents a 13.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 0.6%

Shares of NWPX stock traded down $0.54 during trading hours on Friday, hitting $97.61. 73,230 shares of the company were exchanged, compared to its average volume of 121,912. The firm has a fifty day moving average of $106.36 and a 200 day moving average of $112.35. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 1 year low of $50.76 and a 1 year high of $152.03. The firm has a market cap of $940.96 million, a PE ratio of 19.56, a PEG ratio of 1.64 and a beta of 1.08.

NWPX Infrastructure (NASDAQ:NWPX) last released its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The firm had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. Analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NWPX. Meeder Asset Management Inc. purchased a new stake in NWPX Infrastructure during the second quarter worth approximately $41,000. State of Wyoming acquired a new stake in shares of NWPX Infrastructure in the second quarter worth $98,000. Central Pacific Bank Trust Division purchased a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $156,000. Quantbot Technologies LP purchased a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $197,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of NWPX Infrastructure in the 1st quarter valued at $201,000. 80.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, NWPX Infrastructure currently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Company Profile

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.