Concurrent Investment Advisors LLC Invests $3.06 Million in NWPX Infrastructure, Inc. $NWPX

Concurrent Investment Advisors LLC acquired a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the second quarter, Holdings Channel reports. The institutional investor acquired 20,429 shares of the industrial products company’s stock, valued at approximately $3,063,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NWPX. Wexford Capital LP purchased a new position in NWPX Infrastructure in the 3rd quarter worth $29,000. Simplex Trading LLC boosted its position in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after buying an additional 320 shares during the period. Meeder Asset Management Inc. purchased a new stake in NWPX Infrastructure during the second quarter valued at about $41,000. Kemnay Advisory Services Inc. bought a new position in shares of NWPX Infrastructure during the fourth quarter valued at about $71,000. Finally, State of Wyoming bought a new position in shares of NWPX Infrastructure during the second quarter valued at about $98,000. Institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Stock Performance

Shares of NWPX opened at $107.68 on Tuesday. The stock has a market capitalization of $1.04 billion, a P/E ratio of 21.58, a PEG ratio of 1.80 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. The firm has a fifty day simple moving average of $123.79 and a two-hundred day simple moving average of $107.12. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The firm had revenue of $159.48 million for the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, research analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price for the company. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Insiders Place Their Bets

In other NWPX Infrastructure news, CEO Scott J. Montross sold 1,227 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $110.58, for a total transaction of $135,681.66. Following the completion of the transaction, the chief executive officer owned 69,902 shares of the company’s stock, valued at $7,729,763.16. This represents a 1.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith R. Larson sold 1,172 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $110.04, for a total value of $128,966.88. Following the completion of the sale, the director owned 18,711 shares of the company’s stock, valued at approximately $2,058,958.44. This trade represents a 5.89% 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. Insiders sold 16,081 shares of company stock valued at $1,866,732 over the last three months. Company insiders own 3.30% of the company’s stock.

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.