Ellsworth Advisors LLC Takes Position in NWPX Infrastructure, Inc. $NWPX

Ellsworth Advisors LLC acquired a new position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,884 shares of the industrial products company’s stock, valued at approximately $1,031,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in shares of NWPX Infrastructure in the third quarter valued at approximately $28,000. Wexford Capital LP acquired a new stake in NWPX Infrastructure during the 3rd quarter worth approximately $29,000. CWM LLC grew its holdings in NWPX Infrastructure by 75.8% during the 3rd quarter. CWM LLC now owns 582 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 251 shares during the last quarter. Exchange Traded Concepts LLC bought a new stake in NWPX Infrastructure during the 4th quarter worth approximately $78,000. Finally, SG Americas Securities LLC acquired a new position in NWPX Infrastructure in the 3rd quarter valued at approximately $128,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

NWPX stock opened at $79.99 on Thursday. The firm has a market cap of $765.50 million, a price-to-earnings ratio of 22.28, a PEG ratio of 1.67 and a beta of 0.92. The company has a quick ratio of 2.66, a current ratio of 3.78 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 12-month low of $36.97 and a 12-month high of $83.12. The company’s fifty day simple moving average is $73.92 and its 200 day simple moving average is $63.86.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.31. NWPX Infrastructure had a return on equity of 9.27% and a net margin of 6.73%.The firm had revenue of $125.64 million during the quarter, compared to the consensus estimate of $122.00 million. On average, analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Insiders Place Their Bets

In other NWPX Infrastructure news, EVP Miles Brittain sold 3,300 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $70.89, for a total value of $233,937.00. Following the transaction, the executive vice president directly owned 20,006 shares of the company’s stock, valued at approximately $1,418,225.34. The trade was a 14.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amanda Julian sold 3,473 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $71.98, for a total value of $249,986.54. Following the transaction, the director owned 10,417 shares in the company, valued at $749,815.66. The trade was a 25.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 20,273 shares of company stock worth $1,490,019. Company insiders own 3.20% of the company’s stock.

Analysts Set New Price Targets

NWPX has been the topic of a number of recent research reports. Zacks Research upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Wall Street Zen downgraded NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 8th. DA Davidson raised their target price on NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings raised NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and an average target price of $90.00.

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.