Michael Wray Sells 4,500 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Michael Wray sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $110.94, for a total transaction of $499,230.00. Following the completion of the transaction, the executive vice president owned 23,886 shares in the company, valued at approximately $2,649,912.84. This represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 2.0%

NWPX stock opened at $112.03 on Friday. The company has a 50 day moving average of $128.04 and a two-hundred day moving average of $105.46. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.88 and a beta of 1.09. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02.

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

Institutional Trading of NWPX Infrastructure

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of NWPX Infrastructure during the 2nd quarter valued at about $329,209,000. William Blair Investment Management LLC acquired a new stake in NWPX Infrastructure in the 2nd quarter worth approximately $23,010,000. Legal & General Group Plc acquired a new stake in NWPX Infrastructure in the 2nd quarter worth approximately $42,751,000. Bank of America Corp DE bought a new stake in NWPX Infrastructure during the second quarter worth approximately $8,069,000. Finally, Heartland Advisors Inc. bought a new stake in NWPX Infrastructure during the second quarter worth approximately $20,992,000. Institutional investors own 80.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on NWPX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target for the company. Finally, Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.