Deutsche Bank AG Purchases Shares of 74,343 NWPX Infrastructure, Inc. $NWPX

Deutsche Bank AG acquired a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 74,343 shares of the industrial products company’s stock, valued at approximately $3,647,000.

Other hedge funds also recently made changes to their positions in the company. State of Wyoming raised its holdings 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 worth $380,000 after purchasing an additional 197 shares in the last quarter. Engineers Gate Manager LP lifted its stake in NWPX Infrastructure by 3.6% during the fourth quarter. Engineers Gate Manager LP now owns 7,082 shares of the industrial products company’s stock valued at $443,000 after purchasing an additional 245 shares during the last quarter. Simplex Trading LLC boosted its holdings in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after buying an additional 320 shares in the last quarter. First Trust Advisors LP boosted its holdings 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 worth $2,392,000 after buying an additional 338 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in NWPX Infrastructure by 1.8% during the fourth quarter. Advisors Asset Management Inc. now owns 30,367 shares of the industrial products company’s stock worth $1,898,000 after buying an additional 545 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

NWPX has been the topic of several research reports. Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Zacks Research lowered NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a report on Wednesday, June 10th. They issued 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 given a Hold rating to the stock. Based on data from MarketBeat.com, NWPX Infrastructure presently has an average rating of “Moderate Buy” and a consensus price target of $110.00.

NWPX Infrastructure Price Performance

NASDAQ NWPX opened at $110.59 on Wednesday. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The company has a market cap of $1.07 billion, a PE ratio of 22.16, a PEG ratio of 1.85 and a beta of 1.09. The stock’s 50-day moving average price is $129.61 and its two-hundred day moving average price is $104.84.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping 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 Activity at NWPX Infrastructure

In related news, Director Keith R. Larson sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $115.86, for a total value of $144,825.00. Following the completion of the transaction, the director owned 21,133 shares of the company’s stock, valued at approximately $2,448,469.38. This trade represents a 5.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $115.13, for a total transaction 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. The trade was a 3.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 9,178 shares of company stock worth $1,102,410. 3.30% of the stock is owned by corporate insiders.

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.