Legato Capital Management LLC Takes $483,000 Position in NWPX Infrastructure, Inc. $NWPX

Legato Capital Management LLC bought a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,723 shares of the industrial products company’s stock, valued at approximately $483,000. Legato Capital Management LLC owned 0.08% of NWPX Infrastructure as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of NWPX Infrastructure by 19.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 101,961 shares of the industrial products company’s stock valued at $6,372,000 after purchasing an additional 16,434 shares during the period. SummerHaven Investment Management LLC bought a new stake in shares of NWPX Infrastructure in the 3rd quarter valued at about $1,053,000. LSV Asset Management raised its holdings in shares of NWPX Infrastructure by 166.9% in the 3rd quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock valued at $3,673,000 after purchasing an additional 43,398 shares during the period. Ellsworth Advisors LLC bought a new stake in shares of NWPX Infrastructure in the 4th quarter valued at about $1,031,000. Finally, Royce & Associates LP raised its holdings in shares of NWPX Infrastructure by 7.1% in the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after purchasing an additional 35,768 shares during the period. 80.63% of the stock is owned by institutional investors.

NWPX Infrastructure Stock Performance

Shares of NASDAQ:NWPX opened at $117.49 on Wednesday. The company’s 50 day moving average price is $90.47 and its two-hundred day moving average price is $74.90. NWPX Infrastructure, Inc. has a 12-month low of $37.99 and a 12-month high of $118.58. The firm has a market cap of $1.13 billion, a PE ratio of 27.45, a PEG ratio of 2.07 and a beta of 1.06. 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 announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.40. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. The firm had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. Equities research analysts predict that NWPX Infrastructure, Inc. will post 4.94 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, Director Amanda Julian sold 3,473 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $71.98, for a total transaction of $249,986.54. Following the transaction, the director owned 10,417 shares in the company, valued at $749,815.66. This represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Megan A. Kendrick sold 4,500 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total transaction of $362,655.00. Following the transaction, the vice president owned 6,996 shares in the company, valued at approximately $563,807.64. The trade was a 39.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 20,273 shares of company stock worth $1,490,019. 3.20% of the stock is currently owned by company 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.