NWPX Infrastructure (NASDAQ:NWPX) Director Sells $249,986.54 in Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Amanda Julian sold 3,473 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.98, for a total value of $249,986.54. Following the transaction, the director owned 10,417 shares of the company’s stock, valued at $749,815.66. The trade was a 25.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

NWPX Infrastructure Stock Performance

NWPX Infrastructure stock traded up $0.94 during midday trading on Tuesday, reaching $73.36. The stock had a trading volume of 92,099 shares, compared to its average volume of 92,215. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $83.12. The firm’s 50-day moving average price is $71.82 and its 200 day moving average price is $61.94. The firm has a market capitalization of $702.35 million, a PE ratio of 20.43, a P/E/G ratio of 1.52 and a beta of 0.92. The company has a quick ratio of 2.66, a current ratio of 3.78 and a debt-to-equity ratio of 0.02.

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

Hedge Funds Weigh In On NWPX Infrastructure

Several large investors have recently made changes to their positions in NWPX. AQR Capital Management LLC increased its holdings in shares of NWPX Infrastructure by 274.8% in the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock worth $1,193,000 after purchasing an additional 21,179 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of NWPX Infrastructure during the 1st quarter worth approximately $224,000. Goldman Sachs Group Inc. boosted its position in shares of NWPX Infrastructure by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock valued at $1,835,000 after acquiring an additional 6,510 shares during the last quarter. Empowered Funds LLC boosted its position in shares of NWPX Infrastructure by 5.6% during the 1st quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock valued at $1,998,000 after acquiring an additional 2,547 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of NWPX Infrastructure by 4.9% in the second quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock valued at $9,870,000 after purchasing an additional 11,342 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NWPX. Zacks Research upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Weiss Ratings downgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Finally, DA Davidson raised their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $90.00.

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.