Legal & General Group Plc Buys 6,440 Shares of NWPX Infrastructure, Inc. $NWPX

Legal & General Group Plc grew its stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,985 shares of the industrial products company’s stock after acquiring an additional 6,440 shares during the quarter. Legal & General Group Plc owned 2.09% of NWPX Infrastructure worth $12,560,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wexford Capital LP bought a new stake in NWPX Infrastructure during the 3rd quarter worth approximately $29,000. Exchange Traded Concepts LLC bought a new stake in NWPX Infrastructure during the 4th quarter worth approximately $78,000. State of Alaska Department of Revenue increased its stake in NWPX Infrastructure by 141.5% during the 4th quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 754 shares in the last quarter. Raymond James Financial Inc. bought a new stake in NWPX Infrastructure during the 2nd quarter worth approximately $163,000. Finally, Quantbot Technologies LP increased its stake in NWPX Infrastructure by 43.3% during the 3rd quarter. Quantbot Technologies LP now owns 3,093 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 935 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

Insider Activity at NWPX Infrastructure

In related news, Director Amanda Julian sold 3,473 shares of the firm’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 completion of the transaction, the director directly owned 10,417 shares of the company’s stock, valued at approximately $749,815.66. This trade represents a 25.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Miles Brittain sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $71.01, for a total transaction of $284,040.00. Following the completion of the transaction, the executive vice president directly owned 23,306 shares of the company’s stock, valued at $1,654,959.06. This represents a 14.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 15,773 shares of company stock valued at $1,127,364. 3.30% of the stock is owned by corporate insiders.

NWPX Infrastructure Stock Up 1.2%

NWPX stock opened at $119.72 on Wednesday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 27.97, a P/E/G ratio of 2.18 and a beta of 1.10. NWPX Infrastructure, Inc. has a twelve month low of $38.38 and a twelve month high of $123.16. The business has a 50 day moving average price of $94.26 and a two-hundred day moving average price of $76.61. The company has a quick ratio of 2.06, a current ratio of 2.68 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.40. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%.The firm had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. Analysts anticipate that NWPX Infrastructure, Inc. will post 4.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on NWPX. Wall Street Zen raised NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. DA Davidson increased their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings raised NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $90.00.

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.