North Star Investment Management Corp. Invests $1.56 Million in NWPX Infrastructure, Inc. $NWPX

North Star Investment Management Corp. purchased a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the first quarter, HoldingsChannel.com reports. The fund purchased 20,000 shares of the industrial products company’s stock, valued at approximately $1,557,000.

A number of other institutional investors and hedge funds have also modified their holdings of NWPX. LSV Asset Management boosted its stake in NWPX Infrastructure by 106.9% in the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company’s stock valued at $8,971,000 after acquiring an additional 74,158 shares during the last quarter. Franklin Resources Inc. raised its position in shares of NWPX Infrastructure by 527.6% during the 4th quarter. Franklin Resources Inc. now owns 70,923 shares of the industrial products company’s stock valued at $4,432,000 after acquiring an additional 59,623 shares during the last quarter. Congruence Capital LLC bought a new stake in shares of NWPX Infrastructure during the 4th quarter valued at $3,508,000. Royce & Associates LP lifted its stake in shares of NWPX Infrastructure by 7.1% in the 3rd quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock valued at $28,433,000 after purchasing an additional 35,768 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of NWPX Infrastructure by 86.6% in the 3rd quarter. Millennium Management LLC now owns 48,723 shares of the industrial products company’s stock valued at $2,579,000 after purchasing an additional 22,611 shares during the period. 80.63% of the stock is owned by institutional investors.

NWPX Infrastructure Trading Up 0.9%

Shares of NASDAQ NWPX opened at $149.37 on Tuesday. The company’s fifty day moving average is $115.35 and its 200-day moving average is $87.16. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 34.90, a P/E/G ratio of 2.71 and a beta of 1.10. NWPX Infrastructure, Inc. has a twelve month low of $40.01 and a twelve month high of $152.03. 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 announced its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.40. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. The company had revenue of $138.25 million during the quarter, compared to analyst estimates of $125.10 million. Equities research analysts predict that NWPX Infrastructure, Inc. will post 4.97 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. Weiss Ratings upgraded NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Finally, DA Davidson upped their price target on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

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.