NWPX Infrastructure, Inc. $NWPX Holdings Increased by Royce & Associates LP

Royce & Associates LP lifted its stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 537,188 shares of the industrial products company’s stock after acquiring an additional 35,768 shares during the period. Royce & Associates LP owned 0.06% of NWPX Infrastructure worth $28,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in NWPX. Legal & General Group Plc raised its holdings in NWPX Infrastructure by 14.4% during the second quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock worth $13,280,000 after purchasing an additional 40,751 shares in the last quarter. American Century Companies Inc. increased its position in shares of NWPX Infrastructure by 2.6% during the 2nd quarter. American Century Companies Inc. now owns 246,430 shares of the industrial products company’s stock valued at $10,106,000 after purchasing an additional 6,258 shares during the period. Geode Capital Management LLC raised its stake in shares of NWPX Infrastructure by 4.9% in the 2nd quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock worth $9,870,000 after buying an additional 11,342 shares in the last quarter. CSM Advisors LLC acquired a new stake in shares of NWPX Infrastructure in the second quarter valued at $6,075,000. Finally, Bridgeway Capital Management LLC boosted its stake in NWPX Infrastructure by 4.7% during the second quarter. Bridgeway Capital Management LLC now owns 102,946 shares of the industrial products company’s stock valued at $4,222,000 after buying an additional 4,577 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Stock Performance

NWPX Infrastructure stock opened at $77.60 on Monday. The firm’s 50 day simple moving average is $69.01 and its 200-day simple moving average is $60.06. The company has a market cap of $742.63 million, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 1.82 and a beta of 0.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62. NWPX Infrastructure, Inc. has a fifty-two week low of $36.97 and a fifty-two week high of $82.76.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.62 by $0.31. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.35%. The business had revenue of $125.64 million during the quarter, compared to the consensus estimate of $122.00 million. As a group, equities research analysts predict that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen upgraded shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings downgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, NWPX Infrastructure currently has an average rating of “Buy” and a consensus target price of $70.00.

Insiders Place Their Bets

In related news, CFO Aaron Wilkins sold 1,241 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $60.10, for a total transaction of $74,584.10. Following the transaction, the chief financial officer directly owned 18,512 shares of the company’s stock, valued at approximately $1,112,571.20. The trade was a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael C. Franson sold 5,506 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $60.17, for a total value of $331,296.02. Following the completion of the sale, the director directly owned 18,525 shares of the company’s stock, valued at approximately $1,114,649.25. This represents a 22.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,791 shares of company stock valued at $708,142 in the last 90 days. Corporate insiders own 3.20% 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.