Empowered Funds LLC Buys Shares of 46,667 NWPX Infrastructure, Inc. $NWPX

Empowered Funds LLC purchased a new position in shares of 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 fund purchased 46,667 shares of the industrial products company’s stock, valued at approximately $6,997,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wexford Capital LP acquired a new stake in NWPX Infrastructure in the third quarter worth about $29,000. Simplex Trading LLC increased its stake in NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after buying an additional 320 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of NWPX Infrastructure during the 2nd quarter worth about $41,000. State of Wyoming bought a new stake in shares of NWPX Infrastructure during the 2nd quarter worth about $60,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of NWPX Infrastructure in the 4th quarter worth approximately $71,000. 80.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NWPX Infrastructure

In other news, Director Keith R. Larson sold 1,250 shares of the stock in a transaction 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 completion of the sale, the director owned 21,133 shares in the company, valued at approximately $2,448,469.38. This represents a 5.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was 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 of the company’s stock, valued at approximately $3,107,760. This represents 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 have sold 13,678 shares of company stock valued at $1,601,640 over the last quarter. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on NWPX. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price for the company. Finally, Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $110.00.

NWPX Infrastructure Price Performance

NASDAQ:NWPX opened at $112.03 on Monday. 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 business’s 50-day moving average price is $128.04 and its 200 day moving average price is $105.67. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The firm has a market cap of $1.08 billion, a P/E ratio of 22.45, a PEG ratio of 1.88 and a beta of 1.09.

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

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.