Miles Brittain Sells 4,000 Shares of NWPX Infrastructure (NASDAQ:NWPX) Stock

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 4,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $71.01, for a total transaction of $284,040.00. Following the completion of the sale, the executive vice president directly owned 23,306 shares in the company, valued at approximately $1,654,959.06. The trade was a 14.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NWPX Infrastructure Stock Performance

Shares of NWPX opened at $73.36 on Wednesday. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $83.12. The stock has a market cap of $702.06 million, a P/E ratio of 20.43, a PEG ratio of 1.55 and a beta of 0.92. The company has a current ratio of 3.78, a quick ratio of 2.66 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average of $72.01 and a two-hundred day moving average of $62.08.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. The business had revenue of $125.64 million for the quarter, compared to analyst estimates of $122.00 million. As a group, research analysts predict that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NWPX. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. Weiss Ratings lowered NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. DA Davidson lifted their price objective on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Zacks Research raised shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $90.00.

Institutional Trading of NWPX Infrastructure

A number of hedge funds have recently bought and sold shares of NWPX. Aristides Capital LLC purchased a new stake in NWPX Infrastructure in the 4th quarter worth approximately $211,000. Zacks Investment Management boosted its holdings in shares of NWPX Infrastructure by 9.0% during the fourth quarter. Zacks Investment Management now owns 47,379 shares of the industrial products company’s stock worth $2,961,000 after purchasing an additional 3,918 shares during the last quarter. Uniplan Investment Counsel Inc. boosted its holdings in shares of NWPX Infrastructure by 15.1% during the fourth quarter. Uniplan Investment Counsel Inc. now owns 64,320 shares of the industrial products company’s stock worth $4,019,000 after purchasing an additional 8,414 shares during the last quarter. Susquehanna Portfolio Strategies LLC purchased a new stake in shares of NWPX Infrastructure in the fourth quarter valued at $231,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of NWPX Infrastructure in the fourth quarter valued at $362,000. Institutional investors and hedge funds 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.