NWPX Infrastructure, Inc. $NWPX Shares Bought by LSV Asset Management

LSV Asset Management increased its stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 166.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,400 shares of the industrial products company’s stock after acquiring an additional 43,398 shares during the period. LSV Asset Management owned approximately 0.72% of NWPX Infrastructure worth $3,673,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. CSM Advisors LLC acquired a new stake in NWPX Infrastructure in the second quarter worth approximately $6,075,000. Allspring Global Investments Holdings LLC bought a new stake in shares of NWPX Infrastructure in the 2nd quarter worth $2,092,000. Legal & General Group Plc lifted its holdings in shares of NWPX Infrastructure by 14.4% in the second quarter. Legal & General Group Plc now owns 323,819 shares of the industrial products company’s stock valued at $13,280,000 after buying an additional 40,751 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in NWPX Infrastructure by 433.2% during the second quarter. Y Intercept Hong Kong Ltd now owns 43,269 shares of the industrial products company’s stock valued at $1,774,000 after buying an additional 35,154 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in NWPX Infrastructure by 124.0% during the second quarter. Acadian Asset Management LLC now owns 55,927 shares of the industrial products company’s stock valued at $2,292,000 after buying an additional 30,960 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

NWPX stock opened at $74.67 on Monday. NWPX Infrastructure, Inc. has a one year low of $36.97 and a one year high of $77.43. The firm has a 50-day moving average of $66.50 and a two-hundred day moving average of $57.98. The firm has a market capitalization of $717.58 million, a PE ratio of 20.29, a P/E/G ratio of 1.77 and a beta of 0.96. The company has a current ratio of 3.60, a quick ratio of 2.62 and a debt-to-equity ratio of 0.10.

Insider Activity at NWPX Infrastructure

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 1,241 shares of NWPX Infrastructure stock in a transaction that occurred on Tuesday, December 9th. The shares were 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 in the company, valued at approximately $1,112,571.20. The trade was a 6.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael C. Franson sold 5,506 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $60.17, for a total value of $331,296.02. Following the completion of the sale, the director owned 18,525 shares of the company’s stock, valued at $1,114,649.25. The trade was a 22.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,791 shares of company stock worth $933,782. 3.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Northland Securities upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Weiss Ratings upgraded shares of NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, DA Davidson lifted their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. One investment 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $70.00.

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.