Scott Montross Sells 2,500 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.44, for a total value of $178,600.00. Following the sale, the chief executive officer directly owned 68,477 shares of the company’s stock, valued at approximately $4,891,996.88. This represents a 3.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

NWPX Infrastructure Stock Performance

NASDAQ:NWPX opened at $71.91 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.78 and a quick ratio of 2.66. The firm has a market cap of $688.18 million, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 1.57 and a beta of 0.92. The firm’s fifty day moving average price is $72.18 and its 200 day moving average price is $62.15. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $83.12.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.31. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. The company had revenue of $125.64 million during the quarter, compared to the consensus estimate of $122.00 million. On average, sell-side analysts expect that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Institutional Trading of NWPX Infrastructure

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Illumine Investment Management LLC increased its position in shares of NWPX Infrastructure by 1.2% in the third quarter. Illumine Investment Management LLC now owns 18,330 shares of the industrial products company’s stock valued at $970,000 after buying an additional 219 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of NWPX Infrastructure by 3.6% in the 4th quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock worth $443,000 after buying an additional 245 shares in the last quarter. CWM LLC boosted its position in shares of NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after buying an additional 251 shares in the last quarter. Simplex Trading LLC grew its stake in NWPX Infrastructure by 193.9% in 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. Finally, Rhumbline Advisers grew its stake in NWPX Infrastructure by 2.6% in the 3rd quarter. Rhumbline Advisers now owns 14,547 shares of the industrial products company’s stock valued at $770,000 after acquiring an additional 367 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

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