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

NWPX Infrastructure, Inc. (NASDAQ:NWPX) Director Richard Roman sold 4,000 shares of NWPX Infrastructure stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $96.84, for a total value of $387,360.00. Following the completion of the sale, the director directly owned 25,340 shares in the company, valued at $2,453,925.60. This represents a 13.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NWPX Infrastructure Stock Down 0.6%

Shares of NWPX Infrastructure stock traded down $0.54 during trading on Friday, reaching $97.61. The stock had a trading volume of 71,930 shares, compared to its average volume of 145,298. The company has a market capitalization of $940.67 million, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.63 and a beta of 1.08. The stock has a fifty day moving average price of $106.80 and a two-hundred day moving average price of $112.46. NWPX Infrastructure, Inc. has a 52 week low of $50.76 and a 52 week high of $152.03. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut NWPX Infrastructure from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NWPX. State of Wyoming increased its stake in NWPX Infrastructure by 4.2% in the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after acquiring an additional 197 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in NWPX Infrastructure during the second quarter worth $41,000. First Trust Advisors LP lifted its stake in NWPX Infrastructure by 1.1% during the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock worth $2,392,000 after purchasing an additional 338 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at $156,000. Finally, Hsbc Holdings PLC boosted its holdings in shares of NWPX Infrastructure by 32.0% in the 1st quarter. Hsbc Holdings PLC now owns 4,791 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 1,161 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

About NWPX Infrastructure

Northwest Pipe Company, traded on Nasdaq under the symbol NWPX, manufactures engineered products used in water and wastewater infrastructure. The company supplies large-diameter steel pressure pipe and other systems designed to transport drinking water, raw water, and wastewater for municipal, industrial, and infrastructure applications.

Its product portfolio also includes reinforced concrete pressure pipe, precast concrete products, steel components, and treatment-related infrastructure solutions.