111,107 Shares in NWPX Infrastructure, Inc. $NWPX Acquired by Barrow Hanley Mewhinney & Strauss LLC

Key Points

• Barrow Hanley Mewhinney & Strauss LLC acquired 111,107 shares of NWPX Infrastructure in the second quarter, valued at approximately $16.7 million and representing a 1.15% stake. Institutional investors and hedge funds collectively own 80.63% of the company.
• NWPX reported quarterly earnings of $1.62 per share, exceeding the $1.33 consensus estimate, while revenue of $159.48 million also topped expectations. Analysts hold a “Moderate Buy” consensus rating with an average price target of $110.
• Company insiders sold 9,178 shares worth approximately $1.1 million over the past three months, including sales by the CFO and a director under pre-arranged Rule 10b5-1 plans.

Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 111,107 shares of the industrial products company's stock, valued at approximately $16,659,000. Barrow Hanley Mewhinney & Strauss LLC owned 1.15% of NWPX Infrastructure as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NWPX. Legal & General Group Plc increased its position in NWPX Infrastructure by 3.3% during the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company's stock worth $12,560,000 after purchasing an additional 6,440 shares in the last quarter. LSV Asset Management increased its position in NWPX Infrastructure by 106.9% in the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company's stock valued at $8,971,000 after acquiring an additional 74,158 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of NWPX Infrastructure during the first quarter valued at $1,770,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of NWPX Infrastructure during the first quarter worth $3,339,000. Finally, Sei Investments Co. lifted its holdings in shares of NWPX Infrastructure by 99.3% during the first quarter. Sei Investments Co. now owns 19,577 shares of the industrial products company's stock worth $1,524,000 after purchasing an additional 9,752 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 428 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $120.00, for a total transaction of $51,360.00. Following the completion of the sale, the chief financial officer directly owned 25,898 shares in the company, valued at approximately $3,107,760. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith R. Larson sold 1,250 shares of NWPX Infrastructure stock in a transaction on Monday, August 17th. The stock was sold at an average price of $115.86, for a total value of $144,825.00. Following the completion of the sale, the director directly owned 21,133 shares of the company's stock, valued at approximately $2,448,469.38. The trade was a 5.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 9,178 shares of company stock worth $1,102,410. 3.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Weiss Ratings reissued a "buy (b)" rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 price target on the stock. Finally, Zacks Research cut shares of NWPX Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $110.00.

NWPX Infrastructure Stock Performance

NASDAQ NWPX opened at $110.08 on Monday. The company's 50 day moving average is $130.46 and its 200-day moving average is $104.26. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. The firm has a market cap of $1.06 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating 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 company had revenue of $159.48 million during the quarter, compared to analysts' expectations of $154.70 million. Sell-side analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share 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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.

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