NWPX Infrastructure, Inc. $NWPX Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 99.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 19,577 shares of the industrial products company’s stock after buying an additional 9,752 shares during the quarter. Sei Investments Co.’s holdings in NWPX Infrastructure were worth $1,524,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Simplex Trading LLC boosted its stake in NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 320 shares in the last quarter. Wexford Capital LP bought a new stake in shares of NWPX Infrastructure in the 3rd quarter worth $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of NWPX Infrastructure in the fourth quarter valued at $71,000. State of Alaska Department of Revenue lifted its holdings in shares of NWPX Infrastructure by 141.5% in the fourth quarter. State of Alaska Department of Revenue now owns 1,287 shares of the industrial products company’s stock valued at $80,000 after buying an additional 754 shares during the period. Finally, Royal Bank of Canada boosted its stake in NWPX Infrastructure by 39.7% during the fourth quarter. Royal Bank of Canada now owns 2,639 shares of the industrial products company’s stock valued at $165,000 after buying an additional 750 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NWPX Infrastructure news, CEO Scott J. Montross sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $128.62, for a total transaction of $321,550.00. Following the sale, the chief executive officer directly owned 78,629 shares of the company’s stock, valued at $10,113,261.98. The trade was a 3.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 3.30% of the company’s stock.

NWPX Infrastructure Stock Performance

Shares of NWPX opened at $114.62 on Tuesday. The company has a 50-day moving average of $132.17 and a two-hundred day moving average of $101.37. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. NWPX Infrastructure, Inc. has a one year low of $48.15 and a one year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results 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 business had revenue of $159.48 million for the quarter, compared to analyst estimates of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, equities research analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on NWPX. Wall Street Zen lowered 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 report on Tuesday, April 28th. JPMorgan Chase & Co. started coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. One investment 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.00.

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.