Globeflex Capital L P Acquires Shares of 9,128 NWPX Infrastructure, Inc. $NWPX

Globeflex Capital L P bought a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,128 shares of the industrial products company’s stock, valued at approximately $1,369,000. Globeflex Capital L P owned about 0.09% of NWPX Infrastructure at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NWPX. Bank of Nova Scotia acquired a new stake in shares of NWPX Infrastructure in the second quarter valued at approximately $870,000. Quantbot Technologies LP bought a new position in NWPX Infrastructure in the 2nd quarter worth approximately $197,000. William Blair Investment Management LLC bought a new position in NWPX Infrastructure in the 2nd quarter worth approximately $23,010,000. Landscape Capital Management L.L.C. acquired a new position in NWPX Infrastructure during the 2nd quarter worth $331,000. Finally, Ieq Capital LLC acquired a new position in NWPX Infrastructure during the 2nd quarter worth $1,475,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on NWPX. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Zacks Research lowered NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. JPMorgan Chase & Co. began coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price target on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. One investment 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

NWPX Infrastructure Trading Up 0.4%

Shares of NASDAQ NWPX opened at $110.51 on Tuesday. 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 market capitalization of $1.06 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.84 and a beta of 1.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.71 and a quick ratio of 1.94. The company’s 50 day simple moving average is $130.04 and its 200 day simple moving average is $104.54.

NWPX Infrastructure (NASDAQ:NWPX) last issued its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. The company had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. On average, analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

Insider Buying and Selling

In other NWPX Infrastructure news, Director Keith R. Larson sold 1,250 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $115.86, for a total value of $144,825.00. Following the transaction, the director owned 21,133 shares of the company’s stock, valued at approximately $2,448,469.38. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $115.13, for a total value of $287,825.00. Following the transaction, the chief executive officer owned 73,629 shares in the company, valued at approximately $8,476,906.77. This trade represents a 3.28% 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. Insiders sold a total of 9,178 shares of company stock valued at $1,102,410 over the last three months. Company 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.