Capstone Investment Advisors LLC Purchases New Position in NWPX Infrastructure, Inc. $NWPX

Capstone Investment Advisors LLC purchased a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,968 shares of the industrial products company's stock, valued at approximately $489,000. Capstone Investment Advisors LLC owned 0.10% of NWPX Infrastructure at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of NWPX Infrastructure in the second quarter valued at approximately $135,365,000. Legal & General Group Plc lifted its position in shares of 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 valued at $12,560,000 after buying an additional 6,440 shares in the last quarter. Crown Advisors Management Inc. acquired a new stake in NWPX Infrastructure in the 2nd quarter valued at $10,496,000. Y Intercept Hong Kong Ltd acquired a new stake in NWPX Infrastructure in the 1st quarter valued at $1,770,000. Finally, LSV Asset Management increased its holdings 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 worth $8,971,000 after acquiring an additional 74,158 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company's stock.

NWPX Infrastructure Stock Down 2.0%

Shares of NWPX opened at $112.03 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 1.88 and a beta of 1.09. The stock has a 50 day moving average price of $128.04 and a 200 day moving average price of $105.46.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted 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. The firm had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Equities research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Insider Buying and Selling at NWPX Infrastructure

In related news, EVP Michael Wray sold 4,500 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $110.94, for a total transaction of $499,230.00. Following the transaction, the executive vice president directly owned 23,886 shares in the company, valued at approximately $2,649,912.84. The trade was a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00. Following the transaction, the chief financial officer owned 25,898 shares in the company, valued at $3,107,760. The trade was a 1.63% 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. Insiders sold 13,678 shares of company stock worth $1,601,640 over the last three months. 3.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on NWPX shares. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. 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. Finally, JPMorgan Chase & Co. began 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 for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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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