GSA Capital Partners LLP Acquires New Stake in NWPX Infrastructure, Inc. $NWPX

Key Points

• GSA Capital Partners acquired 24,281 shares of NWPX Infrastructure valued at approximately $1.19 million, while institutional investors and hedge funds collectively owned 80.63% of the company.
• NWPX reported quarterly EPS of $1.62, beating estimates of $1.33, and revenue of $159.48 million, above the $154.70 million consensus forecast.
• Shares opened at $117.04, and analysts maintained a generally positive outlook with a “Moderate Buy” consensus, though the average price target of $110 was below the trading price.

GSA Capital Partners LLP bought a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,281 shares of the industrial products company's stock, valued at approximately $1,191,000. GSA Capital Partners LLP owned approximately 0.25% of NWPX Infrastructure at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wexford Capital LP bought a new position in NWPX Infrastructure during the 3rd quarter valued at $29,000. Simplex Trading LLC raised its stake in shares of NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock worth $30,000 after buying an additional 320 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of NWPX Infrastructure in the 4th quarter worth $71,000. State of Alaska Department of Revenue lifted its holdings in shares of NWPX Infrastructure by 141.5% in the fourth quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company's stock valued at $80,000 after buying an additional 754 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of NWPX Infrastructure in the second quarter valued at $156,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Scott J. Montross sold 2,500 shares of the business's stock in a transaction on Monday, August 10th. The stock was sold at an average price of $118.74, for a total transaction of $296,850.00. Following the sale, the chief executive officer directly owned 76,129 shares of the company's stock, valued at $9,039,557.46. The trade was a 3.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the company's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $120.00, for a total value of $51,360.00. Following the sale, the chief financial officer directly owned 25,898 shares of the company's stock, valued at approximately $3,107,760. This represents a 1.63% 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 5,428 shares of company stock worth $669,760 over the last ninety days. 3.30% of the stock is owned by insiders.

NWPX Infrastructure Trading Up 0.8%

NWPX Infrastructure stock opened at $117.04 on Tuesday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 1.95 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 firm's 50 day moving average price is $131.63 and its two-hundred day moving average price is $103.02. 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 (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.29. The company 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%. On average, research analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NWPX has been the subject of several research reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 price target on the stock. Zacks Research downgraded shares of NWPX Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Finally, Wall Street Zen lowered shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus 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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