5,770 Shares of NWPX Infrastructure, Inc. $NWPX Acquired by Alps Advisors Inc.

Alps Advisors Inc. acquired a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the third quarter, HoldingsChannel reports. The firm acquired 5,770 shares of the industrial products company’s stock, valued at approximately $594,000.

Several other large investors also recently bought and sold shares of the business. Covestor Ltd increased its position in NWPX Infrastructure by 107.5% during the third quarter. Covestor Ltd now owns 583 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 302 shares during the last quarter. Vise Technologies Inc. bought a new position in shares of NWPX Infrastructure during the third quarter valued at approximately $380,000. BOKF NA purchased a new stake in shares of NWPX Infrastructure in the third quarter worth approximately $857,000. Asset Management One Co. Ltd. raised its holdings in shares of NWPX Infrastructure by 50.9% in the third quarter. Asset Management One Co. Ltd. now owns 35,388 shares of the industrial products company’s stock worth $3,646,000 after buying an additional 11,942 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of NWPX Infrastructure by 37.2% in the third quarter. Inspire Investing LLC now owns 6,294 shares of the industrial products company’s stock worth $648,000 after buying an additional 1,706 shares during the period. Institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

NWPX opened at $90.02 on Friday. The company has a market capitalization of $866.89 million, a price-to-earnings ratio of 16.46, a PEG ratio of 1.48 and a beta of 1.14. The company has a current ratio of 2.56, a quick ratio of 1.84 and a debt-to-equity ratio of 0.06. NWPX Infrastructure, Inc. has a 12-month low of $53.15 and a 12-month high of $152.03. The business’s fifty day simple moving average is $99.39 and its 200-day simple moving average is $102.50.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, October 28th. The industrial products company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.21. NWPX Infrastructure had a net margin of 8.87% and a return on equity of 12.99%. The company had revenue of $179.39 million during the quarter, compared to analyst estimates of $167.74 million. On average, equities research analysts anticipate that NWPX Infrastructure, Inc. will post 5.60 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on NWPX shares. Wall Street Zen downgraded NWPX Infrastructure from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. JPMorgan Chase & Co. decreased their target price on NWPX Infrastructure from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Friday, October 30th. Finally, Weiss Ratings lowered shares of NWPX Infrastructure from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.00.

Insider Buying and Selling at NWPX Infrastructure

In other news, Director Michael Franson sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $105.30, for a total value of $368,550.00. Following the completion of the sale, the director owned 15,924 shares of the company’s stock, valued at approximately $1,676,797.20. This represents a 18.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Roman sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $96.84, for a total transaction of $387,360.00. Following the completion of the sale, the director directly owned 25,340 shares of the company’s stock, valued at $2,453,925.60. The trade was a 13.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 52,907 shares of company stock worth $5,589,871. 3.30% of the stock is owned by company insiders.

About NWPX Infrastructure

NWPX Infrastructure, formerly known as Northwest Pipe Company, manufactures products used in water and infrastructure projects. Its offerings include large-diameter steel pressure pipe for water transmission and precast concrete products for stormwater, wastewater and other infrastructure applications. The company serves municipal water and wastewater utilities, contractors and other customers involved in infrastructure construction. Its operations primarily serve markets in the United States. Founded in 1966, the company is headquartered in Vancouver, Washington.