Legal & General Group Plc Invests $12.10 Million in NWPX Infrastructure, Inc. $NWPX

Legal & General Group Plc bought a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 246,726 shares of the industrial products company’s stock, valued at approximately $12,104,000. Legal & General Group Plc owned about 2.56% of NWPX Infrastructure at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its stake in NWPX Infrastructure by 274.8% in the 1st 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 purchased a new stake in shares of NWPX Infrastructure during the first quarter valued at approximately $224,000. Goldman Sachs Group Inc. boosted its stake in shares of NWPX Infrastructure by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock valued at $1,835,000 after purchasing an additional 6,510 shares during the period. Empowered Funds LLC grew its holdings in shares of NWPX Infrastructure by 5.6% in the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock worth $1,998,000 after purchasing an additional 2,547 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of NWPX Infrastructure by 3.7% in the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock worth $1,308,000 after purchasing an additional 1,127 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.

NWPX Infrastructure Stock Performance

NASDAQ:NWPX opened at $109.92 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The firm’s fifty day simple moving average is $127.42 and its 200 day simple moving average is $105.91. The stock has a market cap of $1.06 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 1.88 and a beta of 1.09. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and an average price target of $110.00.

Insider Activity at NWPX Infrastructure

In other NWPX Infrastructure news, EVP Michael Wray sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $110.94, for a total value of $499,230.00. Following the completion of the sale, the executive vice president directly owned 23,886 shares in the company, valued at $2,649,912.84. This trade represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of NWPX Infrastructure 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 directly owned 25,898 shares in the company, valued at approximately $3,107,760. The trade was a 1.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 13,678 shares of company stock valued at $1,601,640 in the last three months. Corporate insiders own 3.30% of the company’s stock.

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.