NewEdge Wealth LLC acquired a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 12,835 shares of the industrial products company’s stock, valued at approximately $1,924,000.
A number of other large investors have also recently added to or reduced their stakes in NWPX. Wexford Capital LP purchased a new position in NWPX Infrastructure in the third quarter worth approximately $29,000. Simplex Trading LLC raised its position in NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 320 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $41,000. State of Wyoming acquired a new position in shares of NWPX Infrastructure in the 2nd quarter valued at $60,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of NWPX Infrastructure during the 4th quarter worth $71,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on NWPX shares. Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.00.
NWPX Infrastructure Price Performance
NWPX stock opened at $109.82 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.06 billion, a PE ratio of 22.01, a P/E/G ratio of 1.87 and a beta of 1.09. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. The business’s fifty day moving average price is $130.83 and its 200 day moving average price is $103.96.
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The company had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. On average, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.
Insider Transactions at NWPX Infrastructure
In related news, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $115.13, for a total value of $287,825.00. Following the completion of the transaction, the chief executive officer owned 73,629 shares in the company, valued at approximately $8,476,906.77. The trade was a 3.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith R. Larson sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $115.86, for a total transaction of $144,825.00. Following the sale, the director directly owned 21,133 shares in the company, valued at approximately $2,448,469.38. The trade was a 5.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 9,178 shares of company stock valued at $1,102,410. 3.30% of the stock is currently owned by corporate insiders.
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.
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