Legal & General Group Plc Purchases 40,751 Shares of NWPX Infrastructure, Inc. $NWPX

Legal & General Group Plc raised its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 14.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 323,819 shares of the industrial products company’s stock after acquiring an additional 40,751 shares during the period. Legal & General Group Plc’s holdings in NWPX Infrastructure were worth $13,280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of 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 purchasing an additional 8,837 shares during the last quarter. Invesco Ltd. increased its position in NWPX Infrastructure by 49.4% during the 1st quarter. Invesco Ltd. now owns 110,861 shares of the industrial products company’s stock valued at $4,579,000 after buying an additional 36,643 shares in the last quarter. Nuveen LLC acquired a new position in NWPX Infrastructure during the 1st quarter valued at about $1,042,000. Russell Investments Group Ltd. raised its stake in NWPX Infrastructure by 258.7% in the first quarter. Russell Investments Group Ltd. now owns 96,863 shares of the industrial products company’s stock valued at $4,000,000 after buying an additional 69,856 shares during the last quarter. Finally, Boston Partners boosted its holdings in NWPX Infrastructure by 164.5% in the first quarter. Boston Partners now owns 13,789 shares of the industrial products company’s stock worth $569,000 after acquiring an additional 8,576 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

NWPX Infrastructure Price Performance

Shares of NWPX opened at $58.52 on Friday. The business’s 50-day moving average is $55.04 and its two-hundred day moving average is $48.18. The company has a market capitalization of $562.33 million, a P/E ratio of 15.90, a P/E/G ratio of 1.64 and a beta of 0.91. NWPX Infrastructure, Inc. has a fifty-two week low of $36.97 and a fifty-two week high of $65.84. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.36. The business had revenue of $151.07 million during the quarter, compared to analysts’ expectations of $132.01 million. NWPX Infrastructure had a return on equity of 9.71% and a net margin of 7.04%. Research analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Insider Buying and Selling at NWPX Infrastructure

In other news, CFO Aaron Wilkins sold 2,000 shares of NWPX Infrastructure stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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. The trade was a 7.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott J. Montross sold 8,210 shares of the business’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $57.27, for a total transaction of $470,186.70. Following the completion of the transaction, the chief executive officer owned 68,781 shares of the company’s stock, valued at approximately $3,939,087.87. This represents a 10.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 18,210 shares of company stock valued at $1,027,347. 3.20% of the stock is owned by company insiders.

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.