Horizon Investment Services LLC Buys New Holdings in NWPX Infrastructure, Inc. $NWPX

Horizon Investment Services LLC purchased a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,651 shares of the industrial products company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NWPX Infrastructure by 2.2% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company’s stock worth $30,453,000 after acquiring an additional 12,272 shares during the period. Legal & General Group Plc increased its stake in NWPX Infrastructure by 3.3% in the fourth quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock valued at $12,560,000 after acquiring an additional 6,440 shares during the period. LSV Asset Management raised its position in NWPX Infrastructure by 106.9% in the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock worth $8,971,000 after purchasing an additional 74,158 shares in the last quarter. Bridgeway Capital Management LLC raised its position in NWPX Infrastructure by 4.7% in the second quarter. Bridgeway Capital Management LLC now owns 102,946 shares of the industrial products company’s stock worth $4,222,000 after purchasing an additional 4,577 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in NWPX Infrastructure by 21.3% during the first quarter. Lazard Asset Management LLC now owns 84,574 shares of the industrial products company’s stock worth $6,585,000 after purchasing an additional 14,870 shares during the period. Institutional investors own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

NWPX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price for the company. Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, NWPX Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

NWPX Infrastructure Stock Performance

NASDAQ NWPX opened at $116.16 on Monday. NWPX Infrastructure, Inc. has a 1-year low of $49.25 and a 1-year high of $152.03. The company has a 50 day moving average of $131.71 and a 200-day moving average of $102.66. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.95 and a beta of 1.09.

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

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 428 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $120.00, for a total value of $51,360.00. Following the transaction, the chief financial officer owned 25,898 shares of the company’s stock, valued at approximately $3,107,760. The trade was a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $118.74, for a total value of $296,850.00. Following the completion of the transaction, the chief executive officer directly owned 76,129 shares in the company, valued at approximately $9,039,557.46. This represents a 3.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 5,428 shares of company stock valued at $669,760. Corporate insiders own 3.30% of the company’s stock.

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.