Horizon Investment Services LLC Buys Shares of 4,651 NWPX Infrastructure, Inc. $NWPX

Horizon Investment Services LLC bought a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,651 shares of the industrial products company’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Wyoming grew its stake in shares of NWPX Infrastructure by 4.2% in the 1st quarter. State of Wyoming now owns 4,879 shares of the industrial products company’s stock valued at $380,000 after buying an additional 197 shares in the last quarter. Engineers Gate Manager LP increased its holdings 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 buying an additional 245 shares during the last quarter. Simplex Trading LLC raised its position in NWPX Infrastructure by 193.9% during the fourth 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 in the last quarter. First Trust Advisors LP raised its position in NWPX Infrastructure by 1.1% during the first quarter. First Trust Advisors LP now owns 30,728 shares of the industrial products company’s stock valued at $2,392,000 after acquiring an additional 338 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its stake in NWPX Infrastructure by 1.8% in the fourth quarter. Advisors Asset Management Inc. now owns 30,367 shares of the industrial products company’s stock valued at $1,898,000 after acquiring an additional 545 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

NWPX Infrastructure Price Performance

NWPX Infrastructure stock opened at $116.16 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. NWPX Infrastructure, Inc. has a fifty-two week low of $49.25 and a fifty-two week high of $152.03. The firm has a fifty day moving average price of $131.71 and a two-hundred day moving average price of $102.66. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 1.95 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last issued 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. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%.The company had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. As a group, analysts forecast that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Zacks Research downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, JPMorgan Chase & Co. began coverage on shares of NWPX Infrastructure in a report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Insider Activity at NWPX Infrastructure

In other news, CEO Scott J. Montross sold 2,500 shares of the firm’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $118.74, for a total value of $296,850.00. Following the sale, the chief executive officer owned 76,129 shares in the company, valued at approximately $9,039,557.46. This trade represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00. Following the transaction, the chief financial officer directly owned 25,898 shares in the company, valued at $3,107,760. This trade represents a 1.63% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 5,428 shares of company stock worth $669,760. Company insiders own 3.30% of the company’s stock.

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.