NWPX Infrastructure, Inc. $NWPX Stock Holdings Increased by LSV Asset Management

LSV Asset Management increased its stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 166.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 69,400 shares of the industrial products company’s stock after buying an additional 43,398 shares during the quarter. LSV Asset Management’s holdings in NWPX Infrastructure were worth $3,673,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NWPX. AlphaQuest LLC increased its stake in shares of NWPX Infrastructure by 115.4% in the second quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock worth $483,000 after acquiring an additional 6,307 shares during the last quarter. SummerHaven Investment Management LLC purchased a new position in NWPX Infrastructure in the third quarter valued at about $1,053,000. Allspring Global Investments Holdings LLC acquired a new position in NWPX Infrastructure in the 2nd quarter worth about $2,092,000. Brandywine Global Investment Management LLC increased its position in NWPX Infrastructure by 17.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 42,438 shares of the industrial products company’s stock worth $1,740,000 after purchasing an additional 6,180 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of NWPX Infrastructure by 4.9% during the 2nd quarter. Geode Capital Management LLC now owns 240,631 shares of the industrial products company’s stock worth $9,870,000 after purchasing an additional 11,342 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Trading Up 0.7%

NASDAQ:NWPX opened at $74.67 on Monday. The company’s 50 day moving average is $66.50 and its 200-day moving average is $57.98. The company has a quick ratio of 2.62, a current ratio of 3.60 and a debt-to-equity ratio of 0.10. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $77.43. The firm has a market cap of $717.58 million, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.77 and a beta of 0.96.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NWPX shares. Wall Street Zen raised NWPX Infrastructure from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings raised shares of NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Northland Securities upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Finally, DA Davidson upped their price objective on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $70.00.

Insider Buying and Selling

In other NWPX Infrastructure news, Director Michael C. Franson sold 5,506 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $60.17, for a total transaction of $331,296.02. Following the completion of the sale, the director directly owned 18,525 shares in the company, valued at $1,114,649.25. This represents a 22.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aaron Wilkins sold 5,009 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $59.90, for a total transaction of $300,039.10. Following the sale, the chief financial officer owned 19,753 shares of the company’s stock, valued at $1,183,204.70. This trade represents a 20.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,791 shares of company stock worth $933,782 in the last quarter. 3.20% of the stock is currently owned by company insiders.

NWPX Infrastructure Company 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.