NWPX Infrastructure, Inc. $NWPX Shares Sold by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. decreased its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 39.9% in the 1st quarter, HoldingsChannel reports. The firm owned 177,245 shares of the industrial products company’s stock after selling 117,906 shares during the quarter. NWPX Infrastructure accounts for 3.1% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 9th largest holding. First Wilshire Securities Management Inc.’s holdings in NWPX Infrastructure were worth $13,800,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in NWPX Infrastructure by 274.8% in 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 bought a new stake in shares of NWPX Infrastructure during the 1st quarter worth approximately $224,000. Goldman Sachs Group Inc. lifted its holdings 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 worth $1,835,000 after acquiring an additional 6,510 shares during the period. Empowered Funds LLC boosted 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 worth $1,998,000 after acquiring an additional 2,547 shares in the last quarter. Finally, First Trust Advisors LP boosted 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 worth $1,308,000 after acquiring an additional 1,127 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

NWPX Infrastructure Price Performance

Shares of NASDAQ:NWPX opened at $135.41 on Wednesday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.49 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.68 and a quick ratio of 2.06. The firm has a 50 day simple moving average of $128.96 and a 200 day simple moving average of $95.52. NWPX Infrastructure, Inc. has a one year low of $40.01 and a one year high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last posted its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.40. The firm had revenue of $138.25 million for the quarter, compared to analysts’ expectations of $125.10 million. NWPX Infrastructure had a net margin of 7.66% and a return on equity of 10.80%. Research analysts predict that NWPX Infrastructure, Inc. will post 4.97 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on NWPX shares. Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Weiss Ratings upgraded NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.