469,008 Shares in NWPX Infrastructure, Inc. $NWPX Purchased by William Blair Investment Management LLC

Key Points

• William Blair Investment Management purchased 469,008 NWPX Infrastructure shares worth approximately $23.0 million, giving it a 4.87% stake. Institutional investors collectively own 80.63% of the company.
• NWPX reported quarterly earnings of $1.62 per share, exceeding analyst expectations of $1.33, while revenue of $159.48 million also topped forecasts.
• Analyst sentiment remains positive but mixed, with a consensus rating of “Moderate Buy” and an average price target of $110.00; meanwhile, insiders sold 9,178 shares worth about $1.1 million over the past quarter.

William Blair Investment Management LLC purchased a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 469,008 shares of the industrial products company's stock, valued at approximately $23,010,000. William Blair Investment Management LLC owned about 4.87% of NWPX Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wexford Capital LP bought a new stake in shares of NWPX Infrastructure during the third quarter worth approximately $29,000. Simplex Trading LLC lifted its holdings in NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock worth $30,000 after purchasing an additional 320 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in NWPX Infrastructure in the 2nd quarter valued at $41,000. State of Wyoming bought a new stake in NWPX Infrastructure in the 2nd quarter valued at $60,000. Finally, Kemnay Advisory Services Inc. acquired a new position in NWPX Infrastructure in the 4th quarter valued at $71,000. 80.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Scott J. Montross sold 2,500 shares of the company's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $118.74, for a total transaction of $296,850.00. Following the completion of the sale, the chief executive officer owned 76,129 shares of the company's stock, valued at $9,039,557.46. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith R. Larson sold 1,250 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $115.86, for a total transaction of $144,825.00. Following the sale, the director owned 21,133 shares in the company, valued at $2,448,469.38. The trade was a 5.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 9,178 shares of company stock worth $1,102,410. Company insiders own 3.30% of the company's stock.

NWPX Infrastructure Trading Up 0.2%

Shares of NASDAQ:NWPX opened at $110.08 on Friday. The company has a market capitalization of $1.06 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.84 and a beta of 1.09. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The business's 50 day simple moving average is $130.46 and its 200 day simple moving average is $104.01.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.29. The firm had revenue of $159.48 million during the quarter, compared to analysts' expectations of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. On average, research analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.

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