North Star Investment Management Corp. Takes Position in NWPX Infrastructure, Inc. $NWPX

North Star Investment Management Corp. bought a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,000 shares of the industrial products company’s stock, valued at approximately $1,557,000. North Star Investment Management Corp. owned about 0.21% of NWPX Infrastructure as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in NWPX. Allspring Global Investments Holdings LLC raised its stake in shares of NWPX Infrastructure by 19.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 101,961 shares of the industrial products company’s stock valued at $6,372,000 after acquiring an additional 16,434 shares during the last quarter. LSV Asset Management grew its position in NWPX Infrastructure by 106.9% during the 4th quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after acquiring an additional 74,158 shares during the last quarter. Legal & General Group Plc grew its position in NWPX Infrastructure by 3.3% during the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock worth $12,560,000 after acquiring an additional 6,440 shares during the last quarter. Ellsworth Advisors LLC acquired a new stake in NWPX Infrastructure during the 4th quarter valued at $1,031,000. Finally, Congruence Capital LLC acquired a new stake in NWPX Infrastructure during the 4th quarter valued at $3,508,000. Institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Stock Up 0.9%

NASDAQ:NWPX opened at $149.37 on Tuesday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 34.90, a P/E/G ratio of 2.71 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.68. The stock’s fifty day moving average price is $115.35 and its two-hundred day moving average price is $87.16. NWPX Infrastructure, Inc. has a 52-week low of $40.01 and a 52-week high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.68 by $0.40. The company had revenue of $138.25 million during the quarter, compared to analysts’ expectations of $125.10 million. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%. On average, analysts anticipate that NWPX Infrastructure, Inc. will post 4.97 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. DA Davidson boosted their price objective on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings upgraded NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target on the stock. One equities 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.00.

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