State of Wyoming Acquires New Holdings in NWPX Infrastructure, Inc. $NWPX

State of Wyoming bought a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,682 shares of the industrial products company’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Wexford Capital LP acquired a new position in NWPX Infrastructure during the third quarter worth $29,000. Exchange Traded Concepts LLC acquired a new stake in NWPX Infrastructure in the 4th quarter worth approximately $78,000. State of Alaska Department of Revenue grew its holdings in NWPX Infrastructure by 141.5% during the fourth quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock valued at $80,000 after purchasing an additional 754 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of NWPX Infrastructure in the second quarter valued at approximately $163,000. Finally, Quantbot Technologies LP increased its holdings in shares of 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 during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

NWPX has been the topic of several research analyst reports. Wall Street Zen raised shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Zacks Research lowered NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. DA Davidson lifted their price objective on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. One equities research 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. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $90.00.

NWPX Infrastructure Stock Performance

Shares of NASDAQ:NWPX opened at $123.26 on Wednesday. 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, Inc. has a 12-month low of $38.38 and a 12-month high of $125.62. The firm has a market cap of $1.19 billion, a PE ratio of 28.80, a PEG ratio of 2.23 and a beta of 1.10. The company’s 50 day moving average price is $99.58 and its two-hundred day moving average price is $79.32.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data 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. The firm had revenue of $138.25 million for the quarter, compared to the consensus estimate of $125.10 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. Equities research analysts predict that NWPX Infrastructure, Inc. will post 4.94 earnings per share for the current year.

Insider Buying and Selling

In related news, 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 transaction of $249,986.54. Following the completion of the transaction, the director directly owned 10,417 shares of the company’s stock, valued at $749,815.66. This trade represents a 25.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Miles Brittain sold 4,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $71.01, for a total transaction of $284,040.00. Following the completion of the sale, the executive vice president owned 23,306 shares of the company’s stock, valued at $1,654,959.06. The trade was a 14.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,273 shares of company stock valued at $946,564 in the last three months. Insiders own 3.30% of the company’s stock.

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.