LSV Asset Management Has $8.97 Million Position in NWPX Infrastructure, Inc. $NWPX

LSV Asset Management increased its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 106.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 143,558 shares of the industrial products company’s stock after acquiring an additional 74,158 shares during the quarter. LSV Asset Management’s holdings in NWPX Infrastructure were worth $8,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Illumine Investment Management LLC increased its stake in shares of NWPX Infrastructure by 1.2% in the third quarter. Illumine Investment Management LLC now owns 18,330 shares of the industrial products company’s stock valued at $970,000 after buying an additional 219 shares during the period. Rhumbline Advisers boosted its holdings in NWPX Infrastructure by 2.6% in the third quarter. Rhumbline Advisers now owns 14,547 shares of the industrial products company’s stock valued at $770,000 after acquiring an additional 367 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in NWPX Infrastructure in the third quarter valued at approximately $28,000. Wexford Capital LP bought a new stake in NWPX Infrastructure in the third quarter valued at approximately $29,000. Finally, Quantbot Technologies LP boosted its holdings in NWPX Infrastructure by 43.3% in the third quarter. Quantbot Technologies LP now owns 3,093 shares of the industrial products company’s stock valued at $164,000 after acquiring an additional 935 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on NWPX shares. DA Davidson upped their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings upgraded NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. Wall Street Zen upgraded NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $90.00.

Insider Transactions at NWPX Infrastructure

In related news, VP Megan A. Kendrick sold 4,500 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $80.59, for a total value of $362,655.00. Following the transaction, the vice president directly owned 6,996 shares in the company, valued at $563,807.64. This trade represents a 39.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amanda Julian sold 3,473 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.98, for a total value of $249,986.54. Following the completion of the transaction, the director owned 10,417 shares in the company, valued at approximately $749,815.66. This represents a 25.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 20,273 shares of company stock valued at $1,490,019 in the last 90 days. 3.20% of the stock is currently owned by company insiders.

NWPX Infrastructure Price Performance

Shares of NWPX opened at $112.26 on Tuesday. NWPX Infrastructure, Inc. has a 12-month low of $37.99 and a 12-month high of $114.27. The business’s fifty day moving average is $89.54 and its 200 day moving average is $74.50. The company has a quick ratio of 2.06, a current ratio of 2.68 and a debt-to-equity ratio of 0.02. The stock has a market cap of $1.08 billion, a P/E ratio of 26.23, a P/E/G ratio of 2.07 and a beta of 1.06.

NWPX Infrastructure (NASDAQ:NWPX) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.40. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%.The company had revenue of $138.25 million for the quarter, compared to analysts’ expectations of $125.10 million. Sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 4.94 earnings per share 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.