Crown Advisors Management Inc. Makes New $10.50 Million Investment in NWPX Infrastructure, Inc. $NWPX

Crown Advisors Management Inc. purchased a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the second quarter, HoldingsChannel reports. The firm purchased 70,000 shares of the industrial products company’s stock, valued at approximately $10,496,000. NWPX Infrastructure comprises about 5.8% of Crown Advisors Management Inc.’s investment portfolio, making the stock its 5th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Horizon Investment Services LLC acquired a new position in shares of NWPX Infrastructure in the 2nd quarter worth approximately $228,000. Global Retirement Partners LLC acquired a new stake in NWPX Infrastructure in the 2nd quarter valued at approximately $389,000. Bank of New York Mellon Corp purchased a new stake in NWPX Infrastructure in the second quarter valued at approximately $7,428,000. State of Wyoming purchased a new stake in NWPX Infrastructure in the second quarter valued at approximately $60,000. Finally, GSA Capital Partners LLP acquired a new position in NWPX Infrastructure during the second quarter worth $1,191,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 428 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00. Following the sale, the chief financial officer owned 25,898 shares in the company, valued at $3,107,760. This represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $118.74, for a total value of $296,850.00. Following the completion of the sale, the chief executive officer directly owned 76,129 shares in the company, valued at $9,039,557.46. This represents a 3.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 5,428 shares of company stock valued at $669,760. 3.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on NWPX shares. Zacks Research lowered NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, NWPX Infrastructure currently has an average rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Price Performance

NWPX Infrastructure stock opened at $116.16 on Monday. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The firm has a market cap of $1.12 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09. The company’s 50 day moving average is $131.71 and its two-hundred day moving average is $102.66.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The business had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. On average, research analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal 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.