Royce & Associates LP Trims Stock Position in NWPX Infrastructure, Inc. $NWPX

Royce & Associates LP lessened its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 507,306 shares of the industrial products company’s stock after selling 29,882 shares during the quarter. Royce & Associates LP owned about 0.05% of NWPX Infrastructure worth $31,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NWPX. AQR Capital Management LLC raised its position in shares of NWPX Infrastructure by 274.8% during the 1st quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock valued at $1,193,000 after buying an additional 21,179 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of NWPX Infrastructure during the 1st quarter valued at approximately $224,000. Goldman Sachs Group Inc. raised its position in shares of NWPX Infrastructure by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock valued at $1,835,000 after buying an additional 6,510 shares during the period. Empowered Funds LLC raised its position in shares of NWPX Infrastructure by 5.6% during the 1st quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock valued at $1,998,000 after buying an additional 2,547 shares during the period. Finally, First Trust Advisors LP raised its position in shares of NWPX Infrastructure by 3.7% during the 2nd quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock valued at $1,308,000 after buying an additional 1,127 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, CEO Scott J. Montross sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $71.44, for a total value of $178,600.00. Following the sale, the chief executive officer owned 65,977 shares of the company’s stock, valued at $4,713,396.88. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Megan A. Kendrick sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $80.59, for a total value of $362,655.00. Following the completion of the sale, the vice president directly owned 6,996 shares in the company, valued at approximately $563,807.64. The trade was a 39.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,273 shares of company stock worth $1,490,019 in the last ninety days. 3.20% of the stock is owned by company insiders.

NWPX Infrastructure Price Performance

Shares of NASDAQ NWPX opened at $112.26 on Tuesday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 2.07 and a beta of 1.06. 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, Inc. has a 52-week low of $37.99 and a 52-week high of $114.27. The business’s 50 day moving average is $89.54 and its two-hundred day moving average is $74.50.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.40. The company had revenue of $138.25 million for the quarter, compared to analyst estimates of $125.10 million. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%. Research analysts predict that NWPX Infrastructure, Inc. will post 4.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Weiss Ratings raised shares of NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 8th. Zacks Research lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded shares of NWPX Infrastructure from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, DA Davidson boosted their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $90.00.

NWPX Infrastructure Company 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.