NWPX Infrastructure, Inc. $NWPX is Pacific Ridge Capital Partners LLC’s 8th Largest Position

Pacific Ridge Capital Partners LLC decreased its holdings in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 28.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 150,123 shares of the industrial products company’s stock after selling 58,647 shares during the period. NWPX Infrastructure makes up approximately 2.1% of Pacific Ridge Capital Partners LLC’s investment portfolio, making the stock its 8th biggest position. Pacific Ridge Capital Partners LLC’s holdings in NWPX Infrastructure were worth $9,381,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of NWPX Infrastructure by 19.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 101,961 shares of the industrial products company’s stock worth $6,372,000 after purchasing an additional 16,434 shares in the last quarter. SummerHaven Investment Management LLC bought a new stake in NWPX Infrastructure during the third quarter valued at approximately $1,053,000. LSV Asset Management grew its stake in NWPX Infrastructure by 166.9% in the 3rd quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock worth $3,673,000 after buying an additional 43,398 shares in the last quarter. Ellsworth Advisors LLC purchased a new position in NWPX Infrastructure in the 4th quarter worth approximately $1,031,000. Finally, Royce & Associates LP lifted its holdings in shares of NWPX Infrastructure by 7.1% during the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock worth $28,433,000 after acquiring an additional 35,768 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NWPX has been the topic of a number of research reports. Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Wall Street Zen raised NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, DA Davidson boosted their price objective on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, NWPX Infrastructure has an average rating of “Buy” and a consensus target price of $90.00.

Insider Buying and Selling at NWPX Infrastructure

In other news, VP Megan A. Kendrick sold 4,500 shares of NWPX Infrastructure stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $80.59, for a total transaction of $362,655.00. Following the completion of the transaction, the vice president directly owned 6,996 shares in the company, valued at approximately $563,807.64. This trade represents a 39.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amanda Julian sold 3,473 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $71.98, for a total value of $249,986.54. Following the transaction, the director directly owned 10,417 shares in the company, valued at approximately $749,815.66. The trade was a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,273 shares of company stock worth $1,490,019 over the last three months. Company insiders own 3.20% of the company’s stock.

NWPX Infrastructure Stock Down 1.2%

Shares of NASDAQ:NWPX opened at $111.18 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.68. NWPX Infrastructure, Inc. has a 52-week low of $37.99 and a 52-week high of $114.27. The firm has a market capitalization of $1.07 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.07 and a beta of 1.06. The stock has a 50 day moving average price of $82.78 and a 200-day moving average price of $70.70.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.40. The firm had revenue of $138.25 million for the quarter, compared to analysts’ expectations of $125.10 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. As a group, equities research analysts anticipate that NWPX Infrastructure, Inc. will post 4.94 EPS for the current fiscal year.

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.