NWPX Infrastructure, Inc. $NWPX Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC cut its holdings in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 23.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,160 shares of the industrial products company’s stock after selling 1,598 shares during the period. Verus Capital Partners LLC’s holdings in NWPX Infrastructure were worth $212,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC boosted its holdings in shares of NWPX Infrastructure by 374.6% in the first quarter. Cubist Systematic Strategies LLC now owns 22,180 shares of the industrial products company’s stock valued at $916,000 after acquiring an additional 17,507 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of NWPX Infrastructure in the second quarter valued at $2,092,000. Acadian Asset Management LLC lifted its holdings in shares of NWPX Infrastructure by 673.9% in the first quarter. Acadian Asset Management LLC now owns 24,967 shares of the industrial products company’s stock valued at $1,029,000 after purchasing an additional 21,741 shares in the last quarter. Vanguard Group Inc. grew its holdings in NWPX Infrastructure by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company’s stock valued at $21,793,000 after buying an additional 8,837 shares during the last quarter. Finally, AlphaQuest LLC increased its position in NWPX Infrastructure by 115.4% during the 2nd quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock worth $483,000 after purchasing an additional 6,307 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

NWPX has been the topic of several research analyst reports. Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Northland Capmk upgraded NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. DA Davidson boosted their price objective on NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.50.

NWPX Infrastructure Price Performance

Shares of NASDAQ:NWPX traded down $0.59 during midday trading on Thursday, reaching $57.61. 4,104 shares of the company’s stock were exchanged, compared to its average volume of 67,899. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95. The company’s 50 day simple moving average is $53.92 and its two-hundred day simple moving average is $46.74. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $65.84. The firm has a market capitalization of $553.58 million, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.64 and a beta of 0.91.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.36. The company had revenue of $151.07 million during the quarter, compared to analyst estimates of $132.01 million. NWPX Infrastructure had a net margin of 7.04% and a return on equity of 9.71%. Equities research analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Insider Activity at NWPX Infrastructure

In other news, CFO Aaron Wilkins sold 2,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $52.24, for a total transaction of $104,480.00. Following the completion of the transaction, the chief financial officer directly owned 24,762 shares of the company’s stock, valued at $1,293,566.88. This represents a 7.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 5,000 shares of company stock worth $258,715 in the last quarter. Company insiders own 3.20% 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.