NWPX Infrastructure, Inc. $NWPX Stock Holdings Increased by Sei Investments Co.

Key Points

• Sei Investments nearly doubled its NWPX Infrastructure position in the first quarter, increasing holdings by 99.3% to 19,577 shares worth approximately $1.52 million. Institutional investors collectively own 80.63% of the company.
• Analysts maintain a generally positive outlook, with NWPX receiving an average “Moderate Buy” rating and a consensus price target of $110.00, despite some recent downgrades from stronger ratings.
• NWPX exceeded quarterly expectations, reporting earnings of $1.62 per share versus the $1.33 estimate and revenue of $159.48 million. CEO Scott J. Montross separately sold 2,500 shares for about $321,550 under a pre-arranged trading plan.

Sei Investments Co. raised its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 99.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,577 shares of the industrial products company's stock after buying an additional 9,752 shares during the quarter. Sei Investments Co. owned about 0.20% of NWPX Infrastructure worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. State of Wyoming increased its holdings in shares of NWPX Infrastructure by 4.2% in the 1st quarter. State of Wyoming now owns 4,879 shares of the industrial products company's stock valued at $380,000 after acquiring an additional 197 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in NWPX Infrastructure by 3.6% in the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company's stock worth $443,000 after purchasing an additional 245 shares during the period. Simplex Trading LLC boosted its holdings in NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company's stock worth $30,000 after purchasing an additional 320 shares during the period. First Trust Advisors LP increased its stake in NWPX Infrastructure by 1.1% during the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company's stock valued at $2,392,000 after purchasing an additional 338 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of NWPX Infrastructure by 1.8% during the fourth quarter. Advisors Asset Management Inc. now owns 30,367 shares of the industrial products company's stock worth $1,898,000 after purchasing an additional 545 shares during the period. Institutional investors and hedge funds own 80.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NWPX shares. Weiss Ratings restated a "buy (b)" rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a "neutral" rating and a $130.00 price objective for the company. Wall Street Zen lowered shares of NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 13th. Finally, Zacks Research cut shares of NWPX Infrastructure from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $110.00.

NWPX Infrastructure Stock Performance

Shares of NASDAQ NWPX opened at $114.62 on Tuesday. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The stock has a 50 day simple moving average of $132.17 and a 200-day simple moving average of $101.37. The company has a market cap of $1.10 billion, a PE ratio of 22.97, a P/E/G ratio of 2.01 and a beta of 1.09. NWPX Infrastructure, Inc. has a 12-month low of $48.15 and a 12-month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. The firm had revenue of $159.48 million for the quarter, compared to analysts' expectations of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. On average, equities research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Insider Activity

In other news, CEO Scott J. Montross sold 2,500 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $128.62, for a total transaction of $321,550.00. Following the transaction, the chief executive officer directly owned 78,629 shares of the company's stock, valued at approximately $10,113,261.98. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.30% of the company's stock.

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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.

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