Crown Advisors Management Inc. Buys Shares of 70,000 NWPX Infrastructure, Inc. $NWPX

Key Points

• Crown Advisors Management initiated a 70,000-share position in NWPX Infrastructure worth approximately $10.5 million, representing 5.8% of its portfolio and about 0.73% of NWPX’s outstanding shares.
• Analyst sentiment remains positive but mixed: NWPX has a consensus “Moderate Buy” rating and a $110 average price target, while recent ratings included downgrades to “Buy” and “Hold” and a new “Neutral” rating from JPMorgan.
• NWPX beat quarterly expectations, reporting $1.62 in EPS versus the $1.33 consensus and revenue of $159.5 million versus $154.7 million expected. Meanwhile, the CEO and CFO sold shares under pre-arranged trading plans.

Crown Advisors Management Inc. bought a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 70,000 shares of the industrial products company's stock, valued at approximately $10,496,000. NWPX Infrastructure makes up 5.8% of Crown Advisors Management Inc.'s portfolio, making the stock its 5th biggest holding. Crown Advisors Management Inc. owned about 0.73% of NWPX Infrastructure as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wexford Capital LP purchased 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% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 320 shares in the last quarter. State of Wyoming acquired a new stake in NWPX Infrastructure during the 2nd quarter worth $60,000. Kemnay Advisory Services Inc. acquired a new stake in NWPX Infrastructure during the 4th quarter worth $71,000. Finally, State of Alaska Department of Revenue boosted its stake in NWPX Infrastructure by 141.5% during the 4th quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company's stock worth $80,000 after purchasing an additional 754 shares during the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NWPX has been the subject of a number of recent research reports. Wall Street Zen cut shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. Zacks Research lowered shares of NWPX Infrastructure from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They set a "neutral" rating and a $130.00 price objective for the company. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. One equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

NWPX Infrastructure Price Performance

Shares of NWPX stock opened at $116.16 on Monday. 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 firm's 50-day moving average is $131.71 and its two-hundred day moving average is $102.66. NWPX Infrastructure, Inc. has a 12 month low of $49.25 and a 12 month high of $152.03. The company has a market capitalization of $1.12 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its earnings results 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. 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 analyst estimates of $154.70 million. Analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Insider Buying and Selling

In other NWPX Infrastructure news, 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 transaction of $51,360.00. Following the completion of the sale, the chief financial officer owned 25,898 shares of the company's stock, valued at $3,107,760. This trade represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of the firm's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $118.74, for a total value of $296,850.00. Following the sale, the chief executive officer directly owned 76,129 shares of the company's stock, valued at approximately $9,039,557.46. This trade represents a 3.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 5,428 shares of company stock worth $669,760 over the last quarter. 3.30% of the stock is currently owned by insiders.

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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