Legal & General Group Plc Purchases 6,440 Shares of NWPX Infrastructure, Inc. $NWPX

Legal & General Group Plc lifted its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 3.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 200,985 shares of the industrial products company’s stock after acquiring an additional 6,440 shares during the period. Legal & General Group Plc’s holdings in NWPX Infrastructure were worth $12,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NWPX. Wexford Capital LP acquired a new stake in NWPX Infrastructure during the 3rd quarter valued at $29,000. Exchange Traded Concepts LLC bought a new position in NWPX Infrastructure during the fourth quarter worth $78,000. State of Alaska Department of Revenue boosted its position in NWPX Infrastructure by 141.5% during the fourth quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 754 shares during the period. Raymond James Financial Inc. bought a new position in NWPX Infrastructure during the second quarter worth $163,000. Finally, Quantbot Technologies LP boosted its position in NWPX Infrastructure by 43.3% during the third quarter. Quantbot Technologies LP now owns 3,093 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 935 shares during the period. 80.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on NWPX. Wall Street Zen raised shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. DA Davidson lifted their price objective on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Finally, Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, NWPX Infrastructure presently has a consensus rating of “Buy” and an average price target of $90.00.

NWPX Infrastructure Stock Up 1.2%

NWPX stock opened at $119.72 on Wednesday. The company has a market cap of $1.15 billion, a PE ratio of 27.97, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10. The business has a 50-day simple moving average of $94.26 and a 200 day simple moving average of $76.61. NWPX Infrastructure, Inc. has a 52 week low of $38.38 and a 52 week high of $123.16. The company has a quick ratio of 2.06, a current ratio of 2.68 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last posted 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. The business had revenue of $138.25 million during the quarter, compared to the consensus estimate of $125.10 million. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%. Sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 4.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other NWPX Infrastructure news, EVP Miles Brittain sold 4,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $71.01, for a total transaction of $284,040.00. Following the completion of the transaction, the executive vice president owned 23,306 shares of the company’s stock, valued at approximately $1,654,959.06. The trade was a 14.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amanda Julian sold 3,473 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $71.98, for a total value of $249,986.54. Following the transaction, the director directly owned 10,417 shares of the company’s stock, valued at approximately $749,815.66. The trade was a 25.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 15,773 shares of company stock valued at $1,127,364. 3.30% of the stock is currently owned by corporate insiders.

NWPX Infrastructure 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.