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

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

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 transaction of $284,040.00.

NWPX Infrastructure Stock Performance

Shares of NWPX opened at $78.68 on Wednesday. The company has a quick ratio of 2.66, a current ratio of 3.78 and a debt-to-equity ratio of 0.02. The stock has a market cap of $752.97 million, a P/E ratio of 21.92, a P/E/G ratio of 1.63 and a beta of 0.92. The business’s 50 day moving average price is $72.83 and its 200-day moving average price is $62.85. NWPX Infrastructure, Inc. has a 52 week low of $36.97 and a 52 week high of $83.12.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.31. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%.The company had revenue of $125.64 million during the quarter, compared to analyst estimates of $122.00 million. Equities research analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NWPX Infrastructure

Several large investors have recently bought and sold shares of the business. LSV Asset Management lifted its stake in NWPX Infrastructure by 106.9% during the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock valued at $8,971,000 after acquiring an additional 74,158 shares during the period. Franklin Resources Inc. raised its holdings in shares of NWPX Infrastructure by 527.6% during the fourth quarter. Franklin Resources Inc. now owns 70,923 shares of the industrial products company’s stock valued at $4,432,000 after purchasing an additional 59,623 shares during the last quarter. Congruence Capital LLC purchased a new position in shares of NWPX Infrastructure during the fourth quarter valued at approximately $3,508,000. Legal & General Group Plc lifted its position in NWPX Infrastructure by 14.4% during the second quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock valued at $13,280,000 after purchasing an additional 40,751 shares during the period. Finally, Royce & Associates LP lifted its position in NWPX Infrastructure by 7.1% during the third quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after purchasing an additional 35,768 shares during the period. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NWPX. DA Davidson lifted their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 8th. Weiss Ratings downgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 19th. Finally, Zacks Research upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Two 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. According to MarketBeat, NWPX Infrastructure currently has a consensus rating of “Buy” and a consensus price target of $90.00.

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.