Deutsche Bank AG Takes Position in NWPX Infrastructure, Inc. $NWPX

Key Points

• Deutsche Bank acquired 9,503 shares of NWPX Infrastructure in the second quarter, valued at approximately $1.43 million. Institutional investors collectively own 80.63% of the company.
• NWPX reported quarterly earnings of $1.62 per share, beating estimates of $1.33, while revenue of $159.48 million also exceeded expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $110.
• Insiders sold 13,678 shares worth approximately $1.60 million during the last quarter, including sales by a director and an executive under pre-arranged Rule 10b5-1 trading plans.

Deutsche Bank AG purchased a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,503 shares of the industrial products company's stock, valued at approximately $1,425,000. Deutsche Bank AG owned approximately 0.10% of NWPX Infrastructure at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wexford Capital LP bought a new position in shares of NWPX Infrastructure during the 3rd quarter worth approximately $29,000. Simplex Trading LLC grew its holdings in NWPX Infrastructure by 193.9% in the fourth 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. State of Wyoming acquired a new position in shares of NWPX Infrastructure during the second quarter worth $60,000. Kemnay Advisory Services Inc. acquired a new position in shares of NWPX Infrastructure during the fourth quarter worth $71,000. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at $156,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NWPX has been the topic of several research analyst reports. Wall Street Zen downgraded NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. 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 price target for the company. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, NWPX Infrastructure has an average rating of "Moderate Buy" and an average price target of $110.00.

NWPX Infrastructure Stock Performance

NWPX opened at $112.03 on Friday. 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 has a fifty day moving average price of $128.04 and a 200 day moving average price of $105.46. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The stock has a market cap of $1.08 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.88 and a beta of 1.09.

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

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, Director Keith R. Larson sold 1,250 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $115.86, for a total transaction of $144,825.00. Following the completion of the transaction, the director owned 21,133 shares of the company's stock, valued at $2,448,469.38. This represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Michael Wray sold 4,500 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $110.94, for a total value of $499,230.00. Following the transaction, the executive vice president directly owned 23,886 shares of the company's stock, valued at $2,649,912.84. The trade was a 15.85% 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. In the last quarter, insiders have sold 13,678 shares of company stock valued at $1,601,640. 3.30% of the stock is currently owned by corporate 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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