State of Wyoming Invests $293,000 in NWPX Infrastructure, Inc. $NWPX

State of Wyoming acquired a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 4,682 shares of the industrial products company’s stock, valued at approximately $293,000.

Several other institutional investors have also recently made changes to their positions in NWPX. AQR Capital Management LLC grew its position in 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 buying an additional 21,179 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in NWPX Infrastructure in the first quarter worth about $224,000. Goldman Sachs Group Inc. increased 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 in the last quarter. Empowered Funds LLC lifted its holdings in shares of NWPX Infrastructure by 5.6% during the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock valued at $1,998,000 after purchasing an additional 2,547 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of 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 purchasing an additional 1,127 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

Analysts Set New Price Targets

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

NWPX Infrastructure Price Performance

NASDAQ NWPX opened at $123.26 on Wednesday. The company has a 50-day moving average price of $99.58 and a 200-day moving average price of $79.32. NWPX Infrastructure, Inc. has a 52 week low of $38.38 and a 52 week high of $125.62. 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 firm has a market capitalization of $1.19 billion, a P/E ratio of 28.80, a PEG ratio of 2.23 and a beta of 1.10.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $125.10 million. Equities research analysts anticipate that NWPX Infrastructure, Inc. will post 4.94 earnings per share for the current year.

Insider Buying and Selling at NWPX Infrastructure

In related news, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $71.44, for a total transaction of $178,600.00. Following the sale, the chief executive officer owned 65,977 shares of the company’s stock, valued at approximately $4,713,396.88. This trade represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director directly owned 10,417 shares of the company’s stock, valued at approximately $749,815.66. This trade represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,273 shares of company stock valued at $946,564 over the last ninety days. 3.30% of the stock is currently owned by company insiders.

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.