Vise Technologies Inc. Makes New Investment in NWPX Infrastructure, Inc. $NWPX

Vise Technologies Inc. purchased a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the second quarter, HoldingsChannel reports. The fund purchased 7,847 shares of the industrial products company’s stock, valued at approximately $385,000.

Several other institutional investors and hedge funds also recently made changes to their positions in NWPX. AQR Capital Management LLC increased its position in shares of 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 in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in NWPX Infrastructure during the first quarter worth about $224,000. Goldman Sachs Group Inc. grew its stake in NWPX Infrastructure by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock valued at $1,835,000 after acquiring an additional 6,510 shares during the period. Empowered Funds LLC grew its stake in NWPX Infrastructure by 5.6% in the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock valued at $1,998,000 after acquiring an additional 2,547 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of NWPX Infrastructure by 3.7% in the second 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. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Stock Performance

NWPX opened at $110.59 on Wednesday. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The firm has a market capitalization of $1.07 billion, a PE ratio of 22.16, a PEG ratio of 1.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The business’s 50-day simple moving average is $129.61 and its 200 day simple moving average is $104.84.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The firm had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. As a group, sell-side analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NWPX shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Wall Street Zen lowered NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. assumed coverage on shares of 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 issued a Hold rating to the stock. According to MarketBeat.com, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

Insider Activity

In related news, Director Keith R. Larson sold 1,250 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $115.86, for a total value of $144,825.00. Following the completion of the transaction, the director directly owned 21,133 shares of the company’s stock, valued at approximately $2,448,469.38. This trade represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $115.13, for a total transaction of $287,825.00. Following the completion of the sale, the chief executive officer owned 73,629 shares of the company’s stock, valued at approximately $8,476,906.77. This represents a 3.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 9,178 shares of company stock valued at $1,102,410. 3.30% of the stock is owned by insiders.

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.