Vanguard Group Inc. raised its holdings in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 1.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 527,668 shares of the industrial products company's stock after buying an additional 8,837 shares during the period. Vanguard Group Inc. owned 5.31% of NWPX Infrastructure worth $21,793,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP increased its stake in NWPX Infrastructure by 45.3% in the 1st quarter. Allworth Financial LP now owns 21,734 shares of the industrial products company's stock valued at $918,000 after buying an additional 6,778 shares during the last quarter. Bank of New York Mellon Corp increased its stake in NWPX Infrastructure by 2.6% in the 1st quarter. Bank of New York Mellon Corp now owns 42,670 shares of the industrial products company's stock valued at $1,762,000 after buying an additional 1,076 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in NWPX Infrastructure in the 1st quarter valued at $37,000. Illumine Investment Management LLC increased 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 buying an additional 471 shares during the last quarter. Finally, Byrne Asset Management LLC increased its stake in shares of NWPX Infrastructure by 62.2% during the 1st quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock worth $99,000 after purchasing an additional 921 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at NWPX Infrastructure
In related news, VP Megan A. Kendrick sold 3,500 shares of the company's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $50.00, for a total value of $175,000.00. Following the transaction, the vice president owned 10,560 shares in the company, valued at approximately $528,000. This represents a 24.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aaron Wilkins sold 2,500 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $50.89, for a total transaction of $127,225.00. Following the completion of the transaction, the chief financial officer owned 27,262 shares in the company, valued at approximately $1,387,363.18. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Separately, DA Davidson set a $60.00 price objective on shares of NWPX Infrastructure in a research note on Monday, August 11th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $57.50.
Get Our Latest Stock Report on NWPX
NWPX Infrastructure Stock Performance
Shares of NWPX Infrastructure stock traded down $1.01 during trading on Monday, hitting $52.96. 73,132 shares of the stock were exchanged, compared to its average volume of 67,148. The stock has a market capitalization of $511.06 million, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.91. The company has a fifty day moving average price of $45.23 and a 200-day moving average price of $42.77. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $57.76. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11.
NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. The business had revenue of $133.18 million for the quarter, compared to analyst estimates of $120.93 million. As a group, equities analysts predict that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.
About NWPX Infrastructure
(
Free Report)
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.
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