NWPX Infrastructure (NASDAQ:NWPX) CFO Aaron Wilkins Sells 1,241 Shares

by · The Cerbat Gem

NWPX Infrastructure, Inc. (NASDAQ:NWPX – Get Free Report) CFO Aaron Wilkins sold 1,241 shares of NWPX Infrastructure stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $60.10, for a total transaction of $74,584.10. Following the completion of the transaction, the chief financial officer owned 18,512 shares of the company’s stock, valued at $1,112,571.20. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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 value of $300,039.10.

NWPX Infrastructure Price Performance

Shares of NWPX traded up $0.54 during midday trading on Wednesday, hitting $60.17. 48,212 shares of the company traded hands, compared to its average volume of 66,840. NWPX Infrastructure, Inc. has a one year low of $36.97 and a one year high of $65.84. The firm has a market cap of $578.23 million, a P/E ratio of 16.35, a PEG ratio of 1.65 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62. The stock has a 50-day moving average of $55.99 and a 200-day moving average of $49.17.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. DA Davidson upped their target price on NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Northland Capmk raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Finally, Wall Street Zen upgraded NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

Read Our Latest Stock Report on NWPX

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in NWPX Infrastructure during the 3rd quarter valued at $28,000. Wexford Capital LP bought a new stake in NWPX Infrastructure in the 3rd quarter worth $29,000. CWM LLC grew its holdings in NWPX Infrastructure by 75.8% in the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 251 shares during the last quarter. Byrne Asset Management LLC increased its position 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 acquiring an additional 482 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of NWPX Infrastructure in the third quarter valued at about $128,000. Institutional investors own 80.63% of the company’s stock.

About NWPX Infrastructure

(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.

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