22,737 Shares in NWPX Infrastructure, Inc. $NWPX Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the first quarter, Holdings Channel reports. The institutional investor acquired 22,737 shares of the industrial products company’s stock, valued at approximately $1,770,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Simplex Trading LLC raised its position in shares of NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 320 shares in the last quarter. Wexford Capital LP bought a new stake in shares of NWPX Infrastructure during the 3rd quarter valued at about $29,000. Kemnay Advisory Services Inc. acquired a new stake in NWPX Infrastructure during the fourth quarter worth approximately $71,000. Exchange Traded Concepts LLC acquired a new stake in NWPX Infrastructure during the fourth quarter worth approximately $78,000. Finally, State of Alaska Department of Revenue grew its stake 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 worth $80,000 after purchasing an additional 754 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NWPX shares. Weiss Ratings upgraded shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target for the company. Finally, Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

NWPX Infrastructure Trading Up 0.3%

NASDAQ NWPX opened at $132.65 on Friday. The business’s fifty day moving average is $124.26 and its 200-day moving average is $91.44. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.68 and a quick ratio of 2.06. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 30.99, a PEG ratio of 2.42 and a beta of 1.07. NWPX Infrastructure, Inc. has a one year low of $40.01 and a one year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly 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. The company had revenue of $138.25 million for the quarter, compared to analysts’ expectations 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 4.97 EPS for the current year.

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.