First Wilshire Securities Management Inc. Buys 40,448 Shares of NWPX Infrastructure, Inc. $NWPX

Key Points

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First Wilshire Securities Management Inc. boosted its holdings in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 14.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 325,602 shares of the industrial products company's stock after acquiring an additional 40,448 shares during the period. NWPX Infrastructure accounts for 3.9% of First Wilshire Securities Management Inc.'s holdings, making the stock its 6th biggest position. First Wilshire Securities Management Inc. owned about 3.30% of NWPX Infrastructure worth $13,447,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in NWPX Infrastructure by 33.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 319 shares during the period. Illumine Investment Management LLC raised its stake in NWPX Infrastructure by 2.7% in the 1st quarter. Illumine Investment Management LLC now owns 17,734 shares of the industrial products company's stock valued at $732,000 after acquiring an additional 471 shares during the period. Aquatic Capital Management LLC bought a new stake in NWPX Infrastructure in the 4th quarter valued at $30,000. Geode Capital Management LLC raised its stake in NWPX Infrastructure by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company's stock valued at $10,814,000 after acquiring an additional 801 shares during the period. Finally, New York State Teachers Retirement System bought a new stake in NWPX Infrastructure in the 1st quarter valued at $37,000. Institutional investors own 80.63% of the company's stock.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $60.00 price target on NWPX Infrastructure in a research note on Monday, August 11th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $57.50.

Insiders Place Their Bets

In other NWPX Infrastructure news, VP Megan A. Kendrick sold 3,500 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $175,000.00. Following the transaction, the vice president owned 10,560 shares in the company, valued at $528,000. This trade represents a 24.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is owned by insiders.

NWPX Infrastructure Stock Performance

NWPX stock traded up $1.82 during trading hours on Friday, hitting $52.69. 73,046 shares of the stock were exchanged, compared to its average volume of 71,091. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $508.46 million, a P/E ratio of 15.87, a P/E/G ratio of 1.55 and a beta of 0.93. The company has a 50-day simple moving average of $43.53 and a two-hundred day simple moving average of $42.70. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The industrial products company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. The firm had revenue of $133.18 million for the quarter, compared to analysts' expectations of $120.93 million. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. On average, analysts forecast that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

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.