GSA Capital Partners LLP Takes $1.19 Million Position in NWPX Infrastructure, Inc. $NWPX

GSA Capital Partners LLP bought a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the 2nd quarter, HoldingsChannel reports. The fund bought 24,281 shares of the industrial products company’s stock, valued at approximately $1,191,000.

A number of other institutional investors and hedge funds have also modified their holdings of NWPX. Post Resch Tallon Group Inc. acquired a new position in NWPX Infrastructure during the second quarter valued at $202,000. Central Pacific Bank Trust Division acquired a new stake in NWPX Infrastructure during the 2nd quarter worth about $156,000. Bank of America Corp DE boosted its position in NWPX Infrastructure by 20.2% during the 1st quarter. Bank of America Corp DE now owns 22,705 shares of the industrial products company’s stock worth $1,768,000 after acquiring an additional 3,811 shares during the period. Empowered Funds LLC boosted its position in NWPX Infrastructure by 8.1% during the 1st quarter. Empowered Funds LLC now owns 55,293 shares of the industrial products company’s stock worth $4,305,000 after acquiring an additional 4,162 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in NWPX Infrastructure during the 1st quarter valued at about $201,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

Shares of NASDAQ:NWPX opened at $117.04 on Tuesday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 1.95 and a beta of 1.09. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $131.63 and a 200 day simple moving average of $103.02.

NWPX Infrastructure (NASDAQ:NWPX) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The firm had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. As a group, sell-side analysts predict that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NWPX has been the topic of a number of research reports. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price on the stock. Wall Street Zen cut shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, NWPX Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Insider Activity

In other news, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $118.74, for a total transaction 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. The trade was a 3.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $120.00, for a total value of $51,360.00. Following the completion of the sale, the chief financial officer directly owned 25,898 shares of the company’s stock, valued at approximately $3,107,760. The trade was a 1.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 5,428 shares of company stock valued at $669,760. 3.30% of the stock is owned by corporate 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.