NWPX Infrastructure (NASDAQ:NWPX) CEO Scott Montross Sells 1,227 Shares of Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) CEO Scott Montross sold 1,227 shares of NWPX Infrastructure stock in a transaction on Monday, August 31st. The shares were sold at an average price of $110.58, for a total value of $135,681.66. Following the transaction, the chief executive officer owned 69,902 shares in the company, valued at $7,729,763.16. This trade represents a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Performance

NASDAQ:NWPX opened at $109.88 on Thursday. The stock has a 50-day simple moving average of $126.16 and a two-hundred day simple moving average of $106.40. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The firm has a market capitalization of $1.06 billion, a PE ratio of 22.02, a P/E/G ratio of 1.83 and a beta of 1.10.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The firm had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. Analysts forecast that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Analysts Set New Price Targets

NWPX has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $110.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Deutsche Bank AG bought a new position in NWPX Infrastructure during the second quarter valued at approximately $1,425,000. BlackRock Inc. bought a new stake in NWPX Infrastructure in the 2nd quarter worth approximately $135,365,000. Legal & General Group Plc increased its stake in NWPX Infrastructure by 3.3% in the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock worth $12,560,000 after acquiring an additional 6,440 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of NWPX Infrastructure during the 1st quarter worth approximately $1,770,000. Finally, Crown Advisors Management Inc. purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter worth approximately $10,496,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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.