AlphaQuest LLC Boosts Stake in NWPX Infrastructure, Inc. $NWPX

AlphaQuest LLC raised its holdings in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 115.4% during the second quarter, Holdings Channel.com reports. The firm owned 11,774 shares of the industrial products company’s stock after purchasing an additional 6,307 shares during the period. AlphaQuest LLC’s holdings in NWPX Infrastructure were worth $483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWPX. Russell Investments Group Ltd. raised its position in NWPX Infrastructure by 258.7% in the first quarter. Russell Investments Group Ltd. now owns 96,863 shares of the industrial products company’s stock valued at $4,000,000 after purchasing an additional 69,856 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in NWPX Infrastructure in the second quarter valued at $2,092,000. First Wilshire Securities Management Inc. raised its position in NWPX Infrastructure by 14.2% in the first quarter. First Wilshire Securities Management Inc. now owns 325,602 shares of the industrial products company’s stock valued at $13,447,000 after purchasing an additional 40,448 shares during the period. Invesco Ltd. raised its position in NWPX Infrastructure by 49.4% in the first quarter. Invesco Ltd. now owns 110,861 shares of the industrial products company’s stock valued at $4,579,000 after purchasing an additional 36,643 shares during the period. Finally, Brandywine Global Investment Management LLC raised its position in NWPX Infrastructure by 446.2% in the first quarter. Brandywine Global Investment Management LLC now owns 36,258 shares of the industrial products company’s stock valued at $1,497,000 after purchasing an additional 29,620 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Insider Buying and Selling at NWPX Infrastructure

In related news, CFO Aaron Wilkins sold 2,500 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $50.89, for a total transaction of $127,225.00. Following the completion of the transaction, the chief financial officer directly owned 27,262 shares of the company’s stock, valued at $1,387,363.18. The trade was a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Megan A. Kendrick sold 3,500 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $175,000.00. Following the transaction, the vice president directly owned 10,560 shares of the company’s stock, valued at $528,000. The trade was a 24.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,500 shares of company stock valued at $433,715 over the last three months. 3.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NWPX shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. DA Davidson set a $60.00 price objective on NWPX Infrastructure in a report on Monday, August 11th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $57.50.

NWPX Infrastructure Price Performance

NWPX stock opened at $55.42 on Wednesday. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $57.76. The company has a market capitalization of $534.80 million, a PE ratio of 16.69, a P/E/G ratio of 1.62 and a beta of 0.89. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $52.34 and its 200 day moving average price is $45.36.

NWPX Infrastructure (NASDAQ:NWPX) last released its earnings results on Thursday, August 7th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%.The firm had revenue of $133.18 million during the quarter, compared to analysts’ expectations of $120.93 million. On average, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current 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.