NWPX Infrastructure (NASDAQ:NWPX) EVP Miles Brittain Sells 3,300 Shares

NWPX Infrastructure, Inc. (NASDAQ:NWPX) EVP Miles Brittain sold 3,300 shares of the firm’s stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $70.89, for a total value of $233,937.00. Following the completion of the transaction, the executive vice president owned 20,006 shares of the company’s stock, valued at approximately $1,418,225.34. The trade was a 14.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Miles Brittain also recently made the following trade(s):

• On Thursday, March 12th, Miles Brittain sold 4,000 shares of NWPX Infrastructure stock. The shares were sold at an average price of $71.01, for a total value of $284,040.00.

NWPX Infrastructure Price Performance

Shares of NASDAQ:NWPX opened at $76.04 on Tuesday. NWPX Infrastructure, Inc. has a twelve month low of $36.97 and a twelve month high of $83.12. 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 market cap of $727.70 million, a PE ratio of 21.18, a price-to-earnings-growth ratio of 1.52 and a beta of 0.92. The company’s 50 day moving average is $72.60 and its 200 day moving average is $62.66.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data 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. The business had revenue of $125.64 million during the quarter, compared to analysts’ expectations of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. On average, sell-side analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NWPX. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 8th. Zacks Research upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Weiss Ratings lowered NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 19th. Finally, DA Davidson lifted their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, NWPX Infrastructure currently has an average rating of “Buy” and an average target price of $90.00.

Institutional Investors Weigh In On NWPX Infrastructure

Hedge funds have recently modified their holdings of the company. SummerHaven Investment Management LLC acquired a new position in NWPX Infrastructure in the 3rd quarter worth about $1,053,000. LSV Asset Management grew its holdings in NWPX Infrastructure by 166.9% in the third quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock valued at $3,673,000 after purchasing an additional 43,398 shares during the period. Brandywine Global Investment Management LLC increased its position in shares of NWPX Infrastructure by 17.0% in the second quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company’s stock valued at $1,740,000 after buying an additional 6,180 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of NWPX Infrastructure by 67.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 85,527 shares of the industrial products company’s stock valued at $4,527,000 after buying an additional 34,526 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of NWPX Infrastructure by 4.9% during the 2nd quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock worth $9,870,000 after buying an additional 11,342 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

About NWPX Infrastructure

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.