NWPX Infrastructure, Inc. $NWPX Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC raised its holdings in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 673.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,967 shares of the industrial products company's stock after acquiring an additional 21,741 shares during the quarter. Acadian Asset Management LLC owned approximately 0.25% of NWPX Infrastructure worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NWPX. Vanguard Group Inc. grew its holdings in NWPX Infrastructure by 1.7% in the first quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company's stock valued at $21,793,000 after purchasing an additional 8,837 shares during the period. First Wilshire Securities Management Inc. lifted its holdings in NWPX Infrastructure by 14.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 325,602 shares of the industrial products company's stock worth $13,447,000 after buying an additional 40,448 shares in the last quarter. American Century Companies Inc. increased its stake in NWPX Infrastructure by 10.4% during the first quarter. American Century Companies Inc. now owns 240,172 shares of the industrial products company's stock valued at $9,919,000 after purchasing an additional 22,693 shares during the last quarter. Millennium Management LLC increased its stake in NWPX Infrastructure by 73.4% during the fourth quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company's stock valued at $5,636,000 after purchasing an additional 49,446 shares during the last quarter. Finally, Invesco Ltd. increased its stake in NWPX Infrastructure by 49.4% during the first quarter. Invesco Ltd. now owns 110,861 shares of the industrial products company's stock valued at $4,579,000 after purchasing an additional 36,643 shares during the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NWPX Infrastructure

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 completion of the sale, the chief financial officer directly owned 27,262 shares in the company, valued at $1,387,363.18. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Megan A. Kendrick sold 3,500 shares of the business's stock in a transaction dated Monday, August 11th. The stock was 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 of the company's stock, valued at $528,000. The trade was a 24.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock valued at $433,715 over the last ninety days. 3.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

NWPX Infrastructure Trading Down 0.3%

Shares of NWPX Infrastructure stock opened at $51.82 on Thursday. The company's fifty day simple moving average is $47.67 and its 200-day simple moving average is $43.14. The company has a market cap of $500.27 million, a price-to-earnings ratio of 15.61, a PEG ratio of 1.53 and a beta of 0.91. 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, Inc. has a 1 year low of $36.97 and a 1 year high of $57.76.

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

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.

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