NWPX Infrastructure, Inc. $NWPX Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. lessened its holdings in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 23.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 245,000 shares of the industrial products company’s stock after selling 76,500 shares during the period. Heartland Advisors Inc.’s holdings in NWPX Infrastructure were worth $15,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of NWPX Infrastructure by 19.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 101,961 shares of the industrial products company’s stock worth $6,372,000 after acquiring an additional 16,434 shares in the last quarter. LSV Asset Management raised its position in shares of NWPX Infrastructure by 166.9% during the 3rd quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock worth $3,673,000 after acquiring an additional 43,398 shares in the last quarter. Legal & General Group Plc raised its position in shares of NWPX Infrastructure by 3.3% during the 4th quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company’s stock worth $12,560,000 after acquiring an additional 6,440 shares in the last quarter. Ellsworth Advisors LLC acquired a new stake in shares of NWPX Infrastructure during the 4th quarter worth about $1,031,000. Finally, Royce & Associates LP raised its position in shares of NWPX Infrastructure by 7.1% during the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock worth $28,433,000 after acquiring an additional 35,768 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $71.44, for a total value of $178,600.00. Following the transaction, the chief executive officer directly owned 65,977 shares in the company, valued at approximately $4,713,396.88. This trade represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Amanda Julian sold 3,473 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $71.98, for a total value of $249,986.54. Following the completion of the transaction, the director owned 10,417 shares in the company, valued at $749,815.66. This trade represents a 25.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 9,273 shares of company stock worth $662,524. 3.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. DA Davidson raised their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday. They set a “neutral” rating and a $130.00 price target on the stock. Zacks Research lowered NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen raised NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Trading Down 0.8%

NWPX opened at $122.31 on Thursday. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. NWPX Infrastructure, Inc. has a 52 week low of $38.38 and a 52 week high of $128.29. The business’s 50 day moving average is $100.51 and its two-hundred day moving average is $79.80. 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 (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.68 by $0.40. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%.The company had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. On average, research analysts predict that NWPX Infrastructure, Inc. will post 4.94 EPS for the current year.

NWPX Infrastructure 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.