LSV Asset Management Acquires Shares of 26,002 NWPX Infrastructure, Inc. $NWPX

LSV Asset Management bought a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,002 shares of the industrial products company’s stock, valued at approximately $1,066,000. LSV Asset Management owned approximately 0.26% of NWPX Infrastructure as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cubist Systematic Strategies LLC lifted its holdings in shares of NWPX Infrastructure by 374.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 22,180 shares of the industrial products company’s stock valued at $916,000 after buying an additional 17,507 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in NWPX Infrastructure during the second quarter valued at approximately $2,092,000. AlphaQuest LLC lifted its stake in NWPX Infrastructure by 115.4% in the second quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock valued at $483,000 after acquiring an additional 6,307 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of NWPX Infrastructure by 673.9% during the 1st quarter. Acadian Asset Management LLC now owns 24,967 shares of the industrial products company’s stock worth $1,029,000 after purchasing an additional 21,741 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of NWPX Infrastructure by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company’s stock worth $21,793,000 after purchasing an additional 8,837 shares during the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $52.24, for a total value of $104,480.00. Following the completion of the sale, the chief financial officer owned 24,762 shares in the company, valued at approximately $1,293,566.88. This trade represents a 7.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott J. Montross sold 8,210 shares of NWPX Infrastructure stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $57.27, for a total value of $470,186.70. Following the sale, the chief executive officer directly owned 68,781 shares in the company, valued at $3,939,087.87. The trade was a 10.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,710 shares of company stock worth $828,717. 3.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NWPX. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NWPX Infrastructure in a research note on Wednesday, October 8th. DA Davidson upped their price target on NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Wall Street Zen raised NWPX Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Northland Capmk raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, NWPX Infrastructure has an average rating of “Moderate Buy” and a consensus price target of $62.50.

NWPX Infrastructure Stock Performance

NASDAQ NWPX opened at $55.96 on Friday. The company’s fifty day moving average is $54.48 and its two-hundred day moving average is $47.44. NWPX Infrastructure, Inc. has a 52-week low of $36.97 and a 52-week high of $65.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.95 and a quick ratio of 2.81. The firm has a market capitalization of $537.78 million, a price-to-earnings ratio of 15.21, a P/E/G ratio of 1.64 and a beta of 0.91.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.71%. The business had revenue of $151.07 million during the quarter, compared to analyst estimates of $132.01 million. Equities research analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

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.