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

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Richard Roman sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $105.72, for a total transaction of $422,880.00. Following the sale, the director owned 30,340 shares of the company’s stock, valued at $3,207,544.80. The trade was a 11.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Trading Down 3.1%

NWPX Infrastructure stock opened at $103.63 on Friday. The firm has a market cap of $998.99 million, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The firm’s 50 day moving average price is $121.51 and its two-hundred day moving average price is $107.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71.

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

Analyst Upgrades and Downgrades

NWPX has been the subject of several analyst reports. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. One equities research 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 company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Hedge Funds Weigh In On NWPX Infrastructure

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wexford Capital LP purchased a new stake in shares of NWPX Infrastructure in the third quarter valued at $29,000. Simplex Trading LLC grew its holdings in shares of NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after buying an additional 320 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in NWPX Infrastructure during the second quarter valued at $41,000. Kemnay Advisory Services Inc. acquired a new position in NWPX Infrastructure during the fourth quarter valued at $71,000. Finally, State of Wyoming purchased a new stake in NWPX Infrastructure in the 2nd quarter worth about $98,000. 80.63% of the stock is currently owned by hedge funds and other 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.