NWPX Infrastructure, Inc. $NWPX Shares Bought by Uniplan Investment Counsel Inc.

Key Points

• Uniplan Investment Counsel Inc. increased its stake in NWPX Infrastructure, Inc. by 20.2% during the 1st quarter, bringing its total holdings to 71,118 shares valued at approximately $2.9 million.
• Insider transactions showed a 24.89% decrease in the ownership of VP Megan A. Kendrick, alongside CFO Aaron Wilkins reducing their stake by 8.40%, while insiders collectively sold 8,500 shares worth about $433,715 over the last quarter.
• NWPX Infrastructure reported a quarterly earnings per share of $0.91, exceeding expectations, and has an average target price of $57.50 from analysts.

Uniplan Investment Counsel Inc. grew its stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 20.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,118 shares of the industrial products company's stock after acquiring an additional 11,937 shares during the quarter. Uniplan Investment Counsel Inc. owned about 0.72% of NWPX Infrastructure worth $2,937,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NWPX. New York State Teachers Retirement System acquired a new position in NWPX Infrastructure in the 1st quarter worth approximately $37,000. Point72 Asset Management L.P. acquired a new position in NWPX Infrastructure in the 4th quarter worth approximately $53,000. Tower Research Capital LLC TRC increased its holdings in NWPX Infrastructure by 33.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock worth $62,000 after buying an additional 319 shares during the period. Byrne Asset Management LLC increased 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 worth $99,000 after buying an additional 921 shares during the period. Finally, Magnetar Financial LLC acquired a new position in NWPX Infrastructure in the 1st quarter worth approximately $220,000. Institutional investors and hedge funds own 80.63% of the company's stock.

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 equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, NWPX Infrastructure presently has an average rating of "Hold" and an average price target of $57.50.

NWPX Infrastructure Price Performance

NASDAQ:NWPX traded up $1.00 during trading hours on Wednesday, hitting $51.62. 41,705 shares of the stock were exchanged, compared to its average volume of 68,848. NWPX Infrastructure, Inc. has a 52-week low of $36.97 and a 52-week high of $57.76. The firm's fifty day moving average price is $46.51 and its 200 day moving average price is $42.86. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The company has a market cap of $498.13 million, a P/E ratio of 15.55, a P/E/G ratio of 1.54 and a beta of 0.91.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. The company had revenue of $133.18 million for the quarter, compared to analyst estimates of $120.93 million. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. As a group, equities research analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current fiscal year.

Insider Activity

In other 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 transaction, the chief financial officer owned 27,262 shares in the company, valued at approximately $1,387,363.18. This trade represents a 8.40% decrease in their position. The sale was disclosed in a filing with the SEC, 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 that occurred on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $175,000.00. Following the sale, the vice president owned 10,560 shares of the company's stock, valued at approximately $528,000. The trade was a 24.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock valued at $433,715 in the last quarter. Company insiders own 3.20% 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.