Quantbot Technologies LP Buys New Stake in NWPX Infrastructure, Inc. $NWPX

Quantbot Technologies LP bought a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,074 shares of the industrial products company’s stock, valued at approximately $690,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NWPX. William Blair Investment Management LLC bought a new position in shares of NWPX Infrastructure in the second quarter worth about $23,010,000. Landscape Capital Management L.L.C. bought a new stake in NWPX Infrastructure during the 2nd quarter valued at approximately $331,000. Ieq Capital LLC acquired a new stake in NWPX Infrastructure in the 2nd quarter valued at approximately $1,475,000. Heartland Advisors Inc. acquired a new stake in NWPX Infrastructure in the 2nd quarter valued at approximately $20,992,000. Finally, Allworth Financial LP acquired a new stake in NWPX Infrastructure in the 2nd quarter valued at approximately $598,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analyst Ratings Changes

NWPX has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

NWPX Infrastructure Stock Up 1.7%

NASDAQ NWPX opened at $114.28 on Friday. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03. The stock has a market cap of $1.10 billion, a PE ratio of 22.90, a PEG ratio of 1.88 and a beta of 1.09. The firm has a 50-day simple moving average of $128.58 and a 200 day simple moving average of $105.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.29. The firm had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. On average, research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Insider Transactions at NWPX Infrastructure

In other news, Director Keith R. Larson sold 1,250 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $115.86, for a total transaction of $144,825.00. Following the sale, the director owned 21,133 shares of the company’s stock, valued at approximately $2,448,469.38. This trade represents a 5.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $120.00, for a total value of $51,360.00. Following the sale, the chief financial officer owned 25,898 shares in the company, valued at approximately $3,107,760. This represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 9,178 shares of company stock valued at $1,102,410. 3.30% of the stock is owned by corporate insiders.

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.