NWPX Infrastructure (NASDAQ:NWPX) CFO Sells $74,584.10 in Stock

by · The Markets Daily

NWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report) CFO Aaron Wilkins sold 1,241 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $60.10, for a total transaction of $74,584.10. Following the completion of the sale, the chief financial officer owned 18,512 shares in the company, valued at approximately $1,112,571.20. This trade represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Aaron Wilkins also recently made the following trade(s):

  • On Monday, December 8th, Aaron Wilkins sold 5,009 shares of NWPX Infrastructure stock. The shares were sold at an average price of $59.90, for a total transaction of $300,039.10.

NWPX Infrastructure Trading Up 1.1%

NWPX opened at $63.53 on Friday. The stock has a 50-day moving average of $56.56 and a 200 day moving average of $49.50. The company has a current ratio of 3.60, a quick ratio of 2.62 and a debt-to-equity ratio of 0.10. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $65.84. The firm has a market cap of $610.52 million, a P/E ratio of 17.26, a P/E/G ratio of 1.73 and a beta of 0.94.

NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. The business had revenue of $151.07 million for the quarter, compared to the consensus estimate of $132.01 million. NWPX Infrastructure had a return on equity of 9.65% and a net margin of 7.04%. As a group, research analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in NWPX Infrastructure in the 3rd quarter valued at about $28,000. Wexford Capital LP purchased a new position in shares of NWPX Infrastructure during the third quarter worth approximately $29,000. CWM LLC raised its stake in shares of NWPX Infrastructure by 75.8% during the third quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 251 shares in the last quarter. Byrne Asset Management LLC boosted its holdings in shares of NWPX Infrastructure by 20.1% in the second quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 482 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of NWPX Infrastructure in the third quarter valued at approximately $128,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analysts Set New Price Targets

NWPX has been the subject of a number of analyst reports. DA Davidson raised their price target on NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Northland Capmk raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.50.

Get Our Latest Stock Analysis on NWPX

NWPX Infrastructure Company Profile

(Get Free Report)

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.

Further Reading