Allworth Financial LP Acquires New Position in NWPX Infrastructure, Inc. $NWPX

Allworth Financial LP purchased a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 28,491 shares of the industrial products company's stock, valued at approximately $4,272,000. Allworth Financial LP owned 0.30% of NWPX Infrastructure as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in NWPX Infrastructure during the 2nd quarter worth $329,209,000. Deutsche Bank AG acquired a new stake in NWPX Infrastructure during the 2nd quarter worth approximately $3,647,000. LSV Asset Management lifted its stake in NWPX Infrastructure by 106.9% in the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company's stock valued at $8,971,000 after buying an additional 74,158 shares in the last quarter. Crown Advisors Management Inc. acquired a new position in shares of NWPX Infrastructure in the second quarter valued at approximately $10,496,000. Finally, Franklin Resources Inc. increased its position in shares of NWPX Infrastructure by 527.6% during the fourth quarter. Franklin Resources Inc. now owns 70,923 shares of the industrial products company's stock worth $4,432,000 after acquiring an additional 59,623 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

NWPX Infrastructure Stock Down 1.5%

NWPX opened at $109.82 on Friday. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The company has a market capitalization of $1.06 billion, a P/E ratio of 22.01, a P/E/G ratio of 1.87 and a beta of 1.09. The stock has a fifty day moving average of $130.83 and a 200-day moving average of $103.96.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping 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 for the quarter, compared to analysts' expectations of $154.70 million. On average, equities analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, CEO Scott J. Montross sold 2,500 shares of the company's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $115.13, for a total value of $287,825.00. Following the sale, the chief executive officer owned 73,629 shares in the company, valued at approximately $8,476,906.77. The trade was a 3.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith R. Larson sold 1,250 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $115.86, for a total value of $144,825.00. Following the completion of 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. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 9,178 shares of company stock worth $1,102,410 over the last quarter. Corporate insiders own 3.30% of the company's stock.

Wall Street Analyst Weigh In

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

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.

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