Legato Capital Management LLC purchased a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 7,723 shares of the industrial products company’s stock, valued at approximately $483,000.
Several other large investors have also made changes to their positions in the company. LSV Asset Management boosted its position in shares of NWPX Infrastructure by 106.9% during the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after acquiring an additional 74,158 shares in the last quarter. Sun Financial Inc acquired a new stake in shares of NWPX Infrastructure during the 4th quarter worth approximately $254,000. GC Wealth Management RIA LLC boosted its position in shares of NWPX Infrastructure by 31.6% during the 4th quarter. GC Wealth Management RIA LLC now owns 10,530 shares of the industrial products company’s stock worth $658,000 after acquiring an additional 2,530 shares in the last quarter. James Investment Research Inc. acquired a new stake in shares of NWPX Infrastructure during the 4th quarter worth approximately $212,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of NWPX Infrastructure during the 4th quarter worth approximately $220,000. Institutional investors and hedge funds own 80.63% of the company’s stock.
Wall Street Analyst Weigh In
NWPX has been the topic of several analyst reports. Wall Street Zen upgraded shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Finally, DA Davidson boosted their target price on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $90.00.
Insider Transactions at NWPX Infrastructure
In other news, VP Megan A. Kendrick sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $80.59, for a total transaction of $362,655.00. Following the completion of the transaction, the vice president owned 6,996 shares of the company’s stock, valued at approximately $563,807.64. This trade represents a 39.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Miles Brittain sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $71.01, for a total transaction of $284,040.00. Following the transaction, the executive vice president directly owned 23,306 shares of the company’s stock, valued at $1,654,959.06. The trade was a 14.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 20,273 shares of company stock valued at $1,490,019 over the last quarter. 3.20% of the stock is currently owned by insiders.
NWPX Infrastructure Stock Up 4.7%
Shares of NWPX opened at $117.49 on Wednesday. NWPX Infrastructure, Inc. has a 52 week low of $37.99 and a 52 week high of $118.58. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 2.07 and a beta of 1.06. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.68. The stock has a fifty day moving average of $90.47 and a 200-day moving average of $74.90.
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.40. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%.The company had revenue of $138.25 million during the quarter, compared to analysts’ expectations of $125.10 million. As a group, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 4.94 earnings per share for the current fiscal year.
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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