NWPX Infrastructure, Inc. $NWPX Shares Purchased by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in NWPX Infrastructure by 258.7%, acquiring an additional 69,856 shares, bringing its total ownership to approximately 0.98% of the company valued at $4 million.
• DA Davidson has set a price target of $60.00 for NWPX Infrastructure, with a current consensus rating of "Hold" and an average target price of $57.50 according to analysts.
• NWPX Infrastructure reported an EPS of $0.91 for the last quarter, exceeding estimates, and generated $133.18 million in revenue, surpassing expectations significantly.

Russell Investments Group Ltd. grew its holdings in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 258.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,863 shares of the industrial products company's stock after purchasing an additional 69,856 shares during the period. Russell Investments Group Ltd. owned about 0.98% of NWPX Infrastructure worth $4,000,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in shares of NWPX Infrastructure during the fourth quarter worth about $30,000. New York State Teachers Retirement System acquired a new stake in shares of NWPX Infrastructure in the first quarter valued at approximately $37,000. Point72 Asset Management L.P. acquired a new stake in shares of NWPX Infrastructure in the fourth quarter valued at approximately $53,000. Tower Research Capital LLC TRC raised its stake in shares of NWPX Infrastructure by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock worth $62,000 after purchasing an additional 319 shares during the last quarter. Finally, Byrne Asset Management LLC raised its stake in shares of NWPX Infrastructure by 62.2% during the first 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 owned by institutional investors and hedge funds.

NWPX Infrastructure Price Performance

Shares of NWPX traded up $0.60 during trading hours on Thursday, reaching $53.97. 54,999 shares of the company traded hands, compared to its average volume of 67,741. The company has a quick ratio of 2.81, a current ratio of 3.95 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $520.81 million, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.57 and a beta of 0.93. NWPX Infrastructure, Inc. has a fifty-two week low of $36.97 and a fifty-two week high of $57.76. The stock has a fifty day simple moving average of $44.68 and a 200 day simple moving average of $42.87.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted 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 business 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%. As a group, research analysts predict that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Megan A. Kendrick sold 3,500 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $175,000.00. Following the sale, the vice president owned 10,560 shares of the company's stock, valued at $528,000. This trade represents a 24.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aaron Wilkins sold 2,500 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $50.89, for a total value of $127,225.00. Following the sale, the chief financial officer directly owned 27,262 shares in the company, valued at approximately $1,387,363.18. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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, the stock has a consensus rating of "Hold" and a consensus price target of $57.50.

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.