9,968 Shares in NWPX Infrastructure, Inc. $NWPX Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,968 shares of the industrial products company’s stock, valued at approximately $489,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wexford Capital LP purchased a new stake in NWPX Infrastructure in the 3rd quarter valued at $29,000. Simplex Trading LLC raised its holdings in shares of NWPX Infrastructure by 193.9% during 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 during the period. Meeder Asset Management Inc. purchased a new stake in shares of NWPX Infrastructure in the second quarter valued at about $41,000. State of Wyoming purchased a new stake in shares of NWPX Infrastructure in the second quarter valued at about $60,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of NWPX Infrastructure in the fourth quarter valued at about $71,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

NASDAQ:NWPX opened at $112.03 on Friday. NWPX Infrastructure, Inc. has a 52 week low of $49.25 and a 52 week high of $152.03. The stock’s fifty day moving average is $128.04 and its two-hundred day moving average is $105.46. The company has a market capitalization of $1.08 billion, a P/E ratio of 22.45, a P/E/G ratio of 1.88 and a beta of 1.09. 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 (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. The business had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Equities analysts expect that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity at NWPX Infrastructure

In other NWPX Infrastructure news, Director Keith R. Larson sold 1,250 shares of NWPX Infrastructure stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $115.86, for a total transaction of $144,825.00. Following the completion of the sale, the director directly owned 21,133 shares in the company, valued at $2,448,469.38. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $51,360.00. Following the completion of the sale, the chief financial officer directly owned 25,898 shares in the company, valued at $3,107,760. This trade represents a 1.63% decrease in their ownership of the stock. 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 ninety days, insiders sold 13,678 shares of company stock worth $1,601,640. 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.