Hillsdale Investment Management Inc. Makes New $4.61 Million Investment in NWPX Infrastructure, Inc. $NWPX

Hillsdale Investment Management Inc. bought a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 59,200 shares of the industrial products company’s stock, valued at approximately $4,609,000.

A number of other large investors also recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in shares of NWPX Infrastructure by 274.8% during the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock worth $1,193,000 after purchasing an additional 21,179 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in NWPX Infrastructure in the 1st quarter valued at approximately $224,000. Goldman Sachs Group Inc. increased its stake in NWPX Infrastructure by 17.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock valued at $1,835,000 after buying an additional 6,510 shares during the period. Empowered Funds LLC increased its stake in NWPX Infrastructure by 5.6% in the 1st quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock valued at $1,998,000 after buying an additional 2,547 shares during the period. Finally, First Trust Advisors LP lifted its position in NWPX Infrastructure by 3.7% in the 2nd quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock worth $1,308,000 after buying an additional 1,127 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Stock Performance

NWPX stock opened at $138.21 on Wednesday. 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 $1.33 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.43 and a beta of 1.07. NWPX Infrastructure, Inc. has a 12 month low of $40.01 and a 12 month high of $152.03. The firm has a 50 day moving average of $126.45 and a two-hundred day moving average of $92.93.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.68 by $0.40. The company had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. As a group, equities analysts anticipate that NWPX Infrastructure, Inc. will post 4.97 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NWPX. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Zacks Research lowered NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings raised NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

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.