Invesco Ltd. Acquires 36,643 Shares of NWPX Infrastructure, Inc. $NWPX

Key Points

• Invesco Ltd. has increased its holdings in NWPX Infrastructure, Inc. by 49.4% during the first quarter, now owning 110,861 shares valued at approximately $4.58 million.
• The company's recent quarterly earnings report showed that it achieved $0.91 earnings per share, exceeding analysts' expectations of $0.72, with total revenue reaching $133.18 million.
• NWPX Infrastructure has a current average price target of $57.50 from analysts, with three analysts providing a "Hold" rating for the stock.

Invesco Ltd. increased its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 49.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,861 shares of the industrial products company's stock after acquiring an additional 36,643 shares during the period. Invesco Ltd. owned about 1.12% of NWPX Infrastructure worth $4,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its holdings in shares of NWPX Infrastructure by 33.3% during 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 last quarter. Illumine Investment Management LLC grew its holdings 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. Aquatic Capital Management LLC acquired a new stake in NWPX Infrastructure in the 4th quarter valued at approximately $30,000. New York State Teachers Retirement System acquired a new stake in NWPX Infrastructure in the 1st quarter valued at approximately $37,000. Finally, Byrne Asset Management LLC grew its holdings in NWPX Infrastructure by 62.2% in the 1st quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock valued at $99,000 after buying an additional 921 shares during the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Aaron Wilkins sold 2,500 shares of NWPX Infrastructure stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $50.89, for a total value of $127,225.00. Following the sale, the chief financial officer owned 27,262 shares of the company's stock, valued at approximately $1,387,363.18. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Megan A. Kendrick sold 3,500 shares of NWPX Infrastructure 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 completion of the sale, the vice president directly owned 10,560 shares in the company, valued at approximately $528,000. This represents a 24.89% decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

NWPX Infrastructure Price Performance

NWPX traded down $1.01 during trading on Friday, hitting $52.96. The company's stock had a trading volume of 73,132 shares, compared to its average volume of 66,739. The firm's 50 day moving average price is $44.97 and its two-hundred day moving average price is $42.83. The company has a quick ratio of 2.81, a current ratio of 3.95 and a debt-to-equity ratio of 0.11. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $57.76. 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 0.93.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $133.18 million for the quarter, compared to analyst estimates of $120.93 million. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. Sell-side analysts forecast that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $60.00 price objective on NWPX Infrastructure in a research report on Monday, August 11th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NWPX Infrastructure has a consensus rating of "Hold" and a consensus target price of $57.50.

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.