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

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 2,500 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $128.62, for a total transaction of $321,550.00. Following the transaction, the chief executive officer directly owned 78,629 shares in the company, valued at approximately $10,113,261.98. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

Shares of NWPX Infrastructure stock opened at $124.24 on Thursday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 2.13 and a beta of 1.09. NWPX Infrastructure, Inc. has a one year low of $41.57 and a one year high of $152.03. The business has a 50-day simple moving average of $132.24 and a 200 day simple moving average of $100.33. 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 posted its quarterly earnings results 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 business 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 anticipate that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NWPX. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective for the company. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, Zacks Research lowered NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Institutional Trading of NWPX Infrastructure

Hedge funds have recently made changes to their positions in the company. State of Wyoming lifted its stake in NWPX Infrastructure by 4.2% in the 1st quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 197 shares in the last quarter. Engineers Gate Manager LP grew its position in shares of NWPX Infrastructure by 3.6% during the 4th quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock valued at $443,000 after purchasing an additional 245 shares in the last quarter. Simplex Trading LLC increased its holdings in shares of NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 320 shares during the period. First Trust Advisors LP raised its position in shares of NWPX Infrastructure by 1.1% in the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock worth $2,392,000 after buying an additional 338 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of NWPX Infrastructure by 1.8% in the fourth quarter. Advisors Asset Management Inc. now owns 30,367 shares of the industrial products company’s stock worth $1,898,000 after buying an additional 545 shares in the last quarter. 80.63% of the stock is currently owned by 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.