NWPX Infrastructure, Inc. $NWPX Position Boosted 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. raised its holdings in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 20.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,118 shares of the industrial products company's stock after purchasing an additional 11,937 shares during the period. Uniplan Investment Counsel Inc. owned about 0.72% of NWPX Infrastructure worth $2,937,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its stake in 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 valued at $62,000 after purchasing an additional 319 shares during the last quarter. Illumine Investment Management LLC boosted its holdings in shares of NWPX Infrastructure by 2.7% during the first quarter. Illumine Investment Management LLC now owns 17,734 shares of the industrial products company's stock valued at $732,000 after acquiring an additional 471 shares during the period. New York State Teachers Retirement System acquired a new position in shares of NWPX Infrastructure during the first quarter valued at $37,000. Byrne Asset Management LLC boosted its holdings 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 valued at $99,000 after acquiring an additional 921 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of NWPX Infrastructure by 2.6% during the first quarter. Bank of New York Mellon Corp now owns 42,670 shares of the industrial products company's stock valued at $1,762,000 after acquiring an additional 1,076 shares during the period. Institutional investors own 80.63% of the company's stock.

Insider Activity

In related news, CFO Aaron Wilkins sold 2,500 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 27,262 shares of the company's stock, valued at approximately $1,387,363.18. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Megan A. Kendrick sold 3,500 shares of the business's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $50.00, for a total transaction of $175,000.00. Following the sale, the vice president directly owned 10,560 shares in the company, valued at approximately $528,000. This trade represents a 24.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,500 shares of company stock valued at $433,715. Corporate insiders own 3.20% of the company's stock.

NWPX Infrastructure Price Performance

Shares of NWPX traded down $1.25 during trading hours on Friday, hitting $52.07. 17,947 shares of the company were exchanged, compared to its average volume of 68,384. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.95 and a quick ratio of 2.81. The company has a market capitalization of $502.68 million, a PE ratio of 15.68, a PEG ratio of 1.52 and a beta of 0.91. The firm has a fifty day simple moving average of $46.91 and a 200-day simple moving average of $42.97. NWPX Infrastructure, Inc. has a one year low of $36.97 and a one year high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its 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. The business had revenue of $133.18 million during the quarter, compared to the consensus estimate of $120.93 million. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. As a group, sell-side analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.