Congruence Capital LLC Invests $3.51 Million in NWPX Infrastructure, Inc. $NWPX

Congruence Capital LLC purchased a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 56,135 shares of the industrial products company’s stock, valued at approximately $3,508,000. NWPX Infrastructure makes up 1.3% of Congruence Capital LLC’s investment portfolio, making the stock its 25th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC raised its stake 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 acquiring an additional 21,179 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of NWPX Infrastructure in the 1st quarter valued at approximately $224,000. Goldman Sachs Group Inc. raised its stake in shares of NWPX Infrastructure by 17.2% in 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 acquiring an additional 6,510 shares in the last quarter. Empowered Funds LLC raised its stake in shares of NWPX Infrastructure by 5.6% in the 1st 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 in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of NWPX Infrastructure by 3.7% in 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 acquiring an additional 1,127 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NWPX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on NWPX Infrastructure in a research note on Wednesday. They issued a “neutral” rating and a $130.00 price objective on the stock. DA Davidson raised their price objective on NWPX Infrastructure from $70.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings raised NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Finally, Zacks Research downgraded NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.00.

NWPX Infrastructure Stock Performance

NWPX opened at $128.85 on Friday. The firm has a market capitalization of $1.24 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. The stock’s 50 day moving average price is $102.52 and its two-hundred day moving average price is $80.66. 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 12-month low of $38.38 and a 12-month high of $133.80.

NWPX Infrastructure (NASDAQ:NWPX) last released 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 firm 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%. On average, equities analysts forecast that NWPX Infrastructure, Inc. will post 4.97 earnings per share for the current year.

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, CEO Scott J. Montross sold 2,500 shares of the firm’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. This trade represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Amanda Julian sold 3,473 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $71.98, for a total value of $249,986.54. Following the completion of the sale, the director directly owned 10,417 shares in the company, valued at $749,815.66. This trade represents a 25.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,273 shares of company stock valued at $662,524 in the last 90 days. 3.30% of the stock is currently owned by insiders.

NWPX Infrastructure 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.