Globeflex Capital L P Makes New $1.37 Million Investment in NWPX Infrastructure, Inc. $NWPX

Globeflex Capital L P purchased a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the second quarter, HoldingsChannel reports. The fund purchased 9,128 shares of the industrial products company’s stock, valued at approximately $1,369,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of NWPX Infrastructure by 274.8% in the 1st quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock valued at $1,193,000 after buying an additional 21,179 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in NWPX Infrastructure during the first quarter worth about $224,000. Goldman Sachs Group Inc. lifted its holdings in NWPX Infrastructure by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock worth $1,835,000 after acquiring an additional 6,510 shares in the last quarter. Empowered Funds LLC lifted its holdings in NWPX Infrastructure by 5.6% during the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock worth $1,998,000 after acquiring an additional 2,547 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in NWPX Infrastructure by 3.7% in the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock valued at $1,308,000 after acquiring an additional 1,127 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective on the stock. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $110.00.

Insider Activity

In other news, CFO Aaron Wilkins sold 428 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00. Following the completion of the transaction, the chief financial officer directly owned 25,898 shares of the company’s stock, valued at $3,107,760. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith R. Larson sold 1,250 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $115.86, for a total value of $144,825.00. Following the transaction, the director directly owned 21,133 shares of the company’s stock, valued at $2,448,469.38. This represents a 5.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,178 shares of company stock worth $1,102,410 over the last three months. Corporate insiders own 3.30% of the company’s stock.

NWPX Infrastructure Trading Up 0.4%

NWPX opened at $110.51 on Tuesday. The stock has a market capitalization of $1.06 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.84 and a beta of 1.09. NWPX Infrastructure, Inc. has a 12 month low of $49.25 and a 12 month high of $152.03. The firm’s fifty day simple moving average is $130.04 and its 200 day simple moving average is $104.54. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. The firm had revenue of $159.48 million during the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. As a group, research analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

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