35,865 Shares in NWPX Infrastructure, Inc. $NWPX Purchased by Van ECK Associates Corp

Van ECK Associates Corp acquired a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,865 shares of the industrial products company’s stock, valued at approximately $5,378,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wexford Capital LP bought a new position in NWPX Infrastructure during the 3rd quarter worth approximately $29,000. Simplex Trading LLC increased its holdings in shares of NWPX Infrastructure by 193.9% in the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 320 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of NWPX Infrastructure in the 2nd quarter valued at approximately $41,000. Kemnay Advisory Services Inc. acquired a new stake in shares of NWPX Infrastructure during the 4th quarter valued at approximately $71,000. Finally, State of Wyoming acquired a new stake in shares of NWPX Infrastructure during the 2nd quarter valued at approximately $98,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Stock Up 0.7%

NASDAQ:NWPX opened at $109.88 on Thursday. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $126.16 and a 200-day moving average of $106.40. The firm has a market capitalization of $1.06 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. NWPX Infrastructure, Inc. has a 52 week low of $49.25 and a 52 week high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The business had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. Analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, NWPX Infrastructure has an average rating of “Moderate Buy” and an average price target of $110.00.

Insider Buying and Selling

In other NWPX Infrastructure news, CEO Scott J. Montross sold 1,227 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $110.58, for a total value of $135,681.66. Following the sale, the chief executive officer directly owned 69,902 shares of the company’s stock, valued at $7,729,763.16. This trade represents a 1.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith R. Larson sold 1,172 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $110.04, for a total value of $128,966.88. Following the completion of the sale, the director owned 18,711 shares in the company, valued at $2,058,958.44. The trade was a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,077 shares of company stock valued at $1,866,289 over the last three months. Corporate insiders own 3.30% 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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.