Ieq Capital LLC Purchases New Position in NWPX Infrastructure, Inc. $NWPX

Ieq Capital LLC acquired a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the second quarter, Holdings Channel reports. The institutional investor acquired 30,057 shares of the industrial products company’s stock, valued at approximately $1,475,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming lifted its stake in NWPX Infrastructure by 4.2% in the first quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after acquiring an additional 197 shares during the last quarter. Engineers Gate Manager LP grew its position in NWPX Infrastructure by 3.6% in the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock worth $443,000 after acquiring an additional 245 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of NWPX Infrastructure during the 2nd quarter worth $41,000. Simplex Trading LLC increased its stake in shares of NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 320 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of NWPX Infrastructure by 1.1% during the 1st quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock worth $2,392,000 after purchasing an additional 338 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

NWPX has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price on the stock. One research 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Insider Activity

In other news, CEO Scott J. Montross sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $118.74, for a total value of $296,850.00. Following the transaction, the chief executive officer directly owned 76,129 shares of the company’s stock, valued at $9,039,557.46. The trade was a 3.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $120.00, for a total value of $51,360.00. Following the sale, the chief financial officer owned 25,898 shares in the company, valued at approximately $3,107,760. This trade represents a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 9,178 shares of company stock worth $1,102,410. Insiders own 3.30% of the company’s stock.

NWPX Infrastructure Trading Up 1.6%

Shares of NWPX stock opened at $112.39 on Thursday. The firm has a market capitalization of $1.08 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09. 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 firm’s fifty day simple moving average is $129.08 and its 200 day simple moving average is $105.13. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year 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, beating the consensus estimate 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 net margin of 8.49% and a return on equity of 12.22%. As a group, sell-side analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

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.