First Wilshire Securities Management Inc. lowered its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX – Free Report) by 8.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 295,151 shares of the industrial products company’s stock after selling 26,071 shares during the period. NWPX Infrastructure accounts for 4.6% of First Wilshire Securities Management Inc.’s holdings, making the stock its 6th biggest holding. First Wilshire Securities Management Inc.’s holdings in NWPX Infrastructure were worth $18,444,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of NWPX. Wexford Capital LP purchased a new position in NWPX Infrastructure during the 3rd quarter worth $29,000. Simplex Trading LLC increased its holdings in shares of NWPX Infrastructure by 193.9% in the 4th 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 in the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of NWPX Infrastructure in the 4th quarter valued at about $78,000. State of Alaska Department of Revenue increased its holdings in shares of NWPX Infrastructure by 141.5% in the 4th quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 754 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of NWPX Infrastructure in the 2nd quarter valued at about $163,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on NWPX shares. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a report on Wednesday. They issued a “neutral” rating and a $130.00 price target for the company. Wall Street Zen upgraded shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. DA Davidson increased their price target on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NWPX Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.
Insider Activity at NWPX Infrastructure
In related news, EVP Miles Brittain sold 3,300 shares of the stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $70.89, for a total value of $233,937.00. Following the sale, the executive vice president directly owned 20,006 shares of the company’s stock, valued at approximately $1,418,225.34. This represents a 14.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Amanda Julian sold 3,473 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $71.98, for a total transaction of $249,986.54. Following the completion of the sale, the director directly owned 10,417 shares in the company, valued at approximately $749,815.66. The trade was a 25.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,273 shares of company stock valued at $662,524. Insiders own 3.30% of the company’s stock.
NWPX Infrastructure Stock Performance
Shares of NWPX opened at $129.22 on Friday. The company has a 50-day simple moving average of $101.54 and a 200-day simple moving average of $80.32. The company has a quick ratio of 2.06, a current ratio of 2.68 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $1.25 billion, a PE ratio of 30.19, a P/E/G ratio of 2.25 and a beta of 1.10. NWPX Infrastructure, Inc. has a 52-week low of $38.38 and a 52-week high of $129.58.
NWPX Infrastructure (NASDAQ:NWPX – Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $138.25 million for the quarter, compared to analysts’ expectations of $125.10 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. Equities research analysts predict that NWPX Infrastructure, Inc. will post 4.94 earnings per share for the current fiscal 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.
Read More
- Five stocks we like better than NWPX Infrastructure
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
Want to see what other hedge funds are holding NWPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NWPX Infrastructure, Inc. (NASDAQ:NWPX – Free Report).
Receive News & Ratings for NWPX Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NWPX Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.
