Panoramic Capital Partners LLC Makes New Investment in NWPX Infrastructure, Inc. $NWPX

Panoramic Capital Partners LLC bought a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,698 shares of the industrial products company’s stock, valued at approximately $1,702,000. NWPX Infrastructure makes up about 0.8% of Panoramic Capital Partners LLC’s holdings, making the stock its 11th biggest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of NWPX. Simplex Trading LLC grew its stake 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. Wexford Capital LP purchased a new stake in NWPX Infrastructure in the 3rd quarter worth approximately $29,000. State of Wyoming bought a new position in NWPX Infrastructure in the 2nd quarter valued at $98,000. Central Pacific Bank Trust Division bought a new position in NWPX Infrastructure in the 2nd quarter valued at $156,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of NWPX Infrastructure during the 4th quarter valued at $71,000. 80.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NWPX shares. Wall Street Zen lowered 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. assumed coverage on NWPX Infrastructure in a research report on Wednesday, June 10th. They set a “neutral” rating and a $130.00 price target for the company. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

NWPX Infrastructure Trading Up 0.8%

NASDAQ NWPX opened at $117.04 on Tuesday. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $131.63 and its two-hundred day simple moving average is $103.02. NWPX Infrastructure, Inc. has a twelve month low of $49.25 and a twelve month high of $152.03. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 1.95 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.29. The company had revenue of $159.48 million for the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. Research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Aaron Wilkins sold 428 shares of the company’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $120.00, for a total value of $51,360.00. Following the completion of the sale, the chief financial officer owned 25,898 shares of the company’s stock, valued at approximately $3,107,760. This represents a 1.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of the stock in a transaction on Monday, August 10th. The shares were sold at an average price of $118.74, for a total transaction of $296,850.00. Following the transaction, the chief executive officer directly owned 76,129 shares in the company, valued at approximately $9,039,557.46. This represents a 3.18% 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 have sold 5,428 shares of company stock worth $669,760 over the last quarter. 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.