Panoramic Capital Partners LLC bought a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 34,698 shares of the industrial products company’s stock, valued at approximately $1,702,000. NWPX Infrastructure makes up about 0.8% of Panoramic Capital Partners LLC’s portfolio, making the stock its 11th largest position. Panoramic Capital Partners LLC owned approximately 0.36% of NWPX Infrastructure at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in NWPX. AQR Capital Management LLC boosted its position in shares of NWPX Infrastructure by 274.8% during the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock valued at $1,193,000 after buying an additional 21,179 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in NWPX Infrastructure in the 1st quarter valued at $224,000. Goldman Sachs Group Inc. raised its position in NWPX Infrastructure by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock valued at $1,835,000 after buying an additional 6,510 shares during the last quarter. Empowered Funds LLC raised its position in NWPX Infrastructure by 5.6% in the 1st quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock valued at $1,998,000 after buying an additional 2,547 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in NWPX Infrastructure by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock valued at $1,308,000 after acquiring an additional 1,127 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.
Insider Buying and Selling
In other NWPX Infrastructure news, CFO Aaron Wilkins sold 428 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00. Following the completion of the transaction, the chief financial officer directly owned 25,898 shares of the company’s stock, valued at approximately $3,107,760. This represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $118.74, for a total value of $296,850.00. Following the completion of the sale, the chief executive officer directly owned 76,129 shares of the company’s stock, valued at approximately $9,039,557.46. This trade represents a 3.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,428 shares of company stock worth $669,760 in the last ninety days. 3.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
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NWPX Infrastructure Stock Up 0.8%
Shares of NASDAQ:NWPX opened at $117.04 on Tuesday. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The company has a market capitalization of $1.13 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. The business has a fifty day moving average price of $131.63 and a two-hundred day moving average price of $103.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94.
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. The business had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. Analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.
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.
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