NWPX Infrastructure (NASDAQ:NWPX) EVP Miles Brittain Sells 4,000 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 4,000 shares of NWPX Infrastructure stock in a transaction on Friday, November 14th. The shares were sold at an average price of $56.76, for a total transaction of $227,040.00. Following the completion of the sale, the executive vice president owned 29,725 shares in the company, valued at approximately $1,687,191. This trade represents a 11.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NWPX Infrastructure Trading Down 1.3%

Shares of NASDAQ NWPX traded down $0.75 during midday trading on Tuesday, hitting $55.45. 44,936 shares of the company traded hands, compared to its average volume of 67,743. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $65.84. The stock has a 50-day moving average price of $54.21 and a 200 day moving average price of $47.10. The firm has a market cap of $532.83 million, a P/E ratio of 15.07, a P/E/G ratio of 1.64 and a beta of 0.91.

NWPX Infrastructure (NASDAQ:NWPX) last posted its earnings results on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.36. The firm had revenue of $151.07 million for the quarter, compared to the consensus estimate of $132.01 million. NWPX Infrastructure had a return on equity of 9.71% and a net margin of 7.04%. As a group, analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NWPX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in NWPX Infrastructure by 2.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company’s stock valued at $30,453,000 after purchasing an additional 12,272 shares during the period. Royce & Associates LP raised its stake in NWPX Infrastructure by 7.1% during the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after buying an additional 35,768 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of NWPX Infrastructure by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company’s stock valued at $21,793,000 after buying an additional 8,837 shares during the period. First Wilshire Securities Management Inc. lifted its holdings in NWPX Infrastructure by 14.2% in the first quarter. First Wilshire Securities Management Inc. now owns 325,602 shares of the industrial products company’s stock valued at $13,447,000 after acquiring an additional 40,448 shares during the period. Finally, Legal & General Group Plc increased its position in shares of NWPX Infrastructure by 14.4% during the 2nd quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock valued at $13,280,000 after purchasing an additional 40,751 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NWPX shares. Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. DA Davidson raised their target price on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NWPX Infrastructure currently has an average rating of “Moderate Buy” and a consensus price target of $62.50.

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.