Manchester Capital Management LLC Cuts Stock Holdings in NWPX Infrastructure, Inc. $NWPX

Manchester Capital Management LLC decreased its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 92.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 800 shares of the industrial products company’s stock after selling 9,910 shares during the period. Manchester Capital Management LLC’s holdings in NWPX Infrastructure were worth $50,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NWPX. LSV Asset Management grew its holdings in shares of NWPX Infrastructure by 106.9% during the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock valued at $8,971,000 after buying an additional 74,158 shares during the last quarter. Royce & Associates LP lifted its position in NWPX Infrastructure by 7.1% during the third quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after purchasing an additional 35,768 shares during the period. CenterBook Partners LP bought a new position in NWPX Infrastructure during the third quarter valued at approximately $1,643,000. Millennium Management LLC lifted its position in NWPX Infrastructure by 86.6% during the third quarter. Millennium Management LLC now owns 48,723 shares of the industrial products company’s stock valued at $2,579,000 after purchasing an additional 22,611 shares during the period. Finally, AQR Capital Management LLC lifted its position in NWPX Infrastructure by 274.8% during the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock valued at $1,193,000 after purchasing an additional 21,179 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Insider Buying and Selling

In related news, CEO Scott J. Montross sold 2,500 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $71.44, for a total value of $178,600.00. Following the transaction, the chief executive officer directly owned 65,977 shares of the company’s stock, valued at approximately $4,713,396.88. This trade represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Amanda Julian sold 3,473 shares of the firm’s 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 directly 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 SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,273 shares of company stock valued at $662,524. 3.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NWPX has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research report on Wednesday. They set a “neutral” rating and a $130.00 price objective on the stock. DA Davidson increased their price objective on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Finally, Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NWPX Infrastructure has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

NWPX Infrastructure Stock Down 0.8%

NWPX opened at $122.31 on Thursday. The company has a current ratio of 2.68, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 1-year low of $38.38 and a 1-year high of $128.29. The company has a market capitalization of $1.18 billion, a PE ratio of 28.58, a PEG ratio of 2.27 and a beta of 1.10. The firm’s 50 day simple moving average is $100.51 and its two-hundred day simple moving average is $79.80.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 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. As a group, equities analysts forecast that NWPX Infrastructure, Inc. will post 4.94 EPS for the current 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.