Acadian Asset Management LLC Has $1.03 Million Position in NWPX Infrastructure, Inc. $NWPX

Key Points

• Acadian Asset Management LLC increased its stake in NWPX Infrastructure, Inc. by 673.9% in the first quarter, acquiring an additional 21,741 shares for a total of approximately $1,029,000.
• Analysts have set a new price target of $60.00 for NWPX, with an average rating of "Hold" and an average target of $57.50.
• Insider sales included VP Megan A. Kendrick selling 3,500 shares at $50.00 and CFO Aaron Wilkins selling 2,000 shares at $52.24, indicating a decrease in their ownership percentages.

Acadian Asset Management LLC boosted its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 673.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 24,967 shares of the industrial products company's stock after acquiring an additional 21,741 shares during the period. Acadian Asset Management LLC owned about 0.25% of NWPX Infrastructure worth $1,029,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Empowered Funds LLC grew its stake in shares of NWPX Infrastructure by 5.6% during the 1st quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company's stock valued at $1,998,000 after buying an additional 2,547 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of NWPX Infrastructure by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company's stock valued at $1,835,000 after buying an additional 6,510 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of NWPX Infrastructure during the 1st quarter valued at $224,000. Uniplan Investment Counsel Inc. grew its stake in shares of NWPX Infrastructure by 20.2% during the 1st quarter. Uniplan Investment Counsel Inc. now owns 71,118 shares of the industrial products company's stock valued at $2,937,000 after buying an additional 11,937 shares during the period. Finally, Bridgeway Capital Management LLC grew its stake in shares of NWPX Infrastructure by 2.7% during the 1st quarter. Bridgeway Capital Management LLC now owns 98,369 shares of the industrial products company's stock valued at $4,063,000 after buying an additional 2,547 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

NWPX Infrastructure Stock Performance

Shares of NASDAQ:NWPX traded down $0.82 during trading on Friday, reaching $52.73. 417,957 shares of the company's stock traded hands, compared to its average volume of 68,168. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.95 and a quick ratio of 2.81. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $57.76. The company has a 50 day moving average of $48.10 and a 200-day moving average of $43.31. The stock has a market capitalization of $508.84 million, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 1.55 and a beta of 0.91.

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 the consensus estimate of $0.72 by $0.19. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. The company had revenue of $133.18 million for the quarter, compared to analyst estimates of $120.93 million. On average, equities analysts expect that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Activity at NWPX Infrastructure

In other NWPX Infrastructure news, VP Megan A. Kendrick sold 3,500 shares of the stock in a transaction that occurred on 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 owned 10,560 shares in the company, valued at $528,000. This represents a 24.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aaron Wilkins sold 2,500 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $50.89, for a total transaction of $127,225.00. Following the transaction, the chief financial officer owned 27,262 shares in the company, valued at $1,387,363.18. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock valued at $433,715 over the last quarter. Insiders own 3.20% of the company's stock.

NWPX Infrastructure 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.