Boston Partners Raises Position in NWPX Infrastructure, Inc. $NWPX

Boston Partners grew its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 164.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,789 shares of the industrial products company’s stock after buying an additional 8,576 shares during the period. Boston Partners owned approximately 0.14% of NWPX Infrastructure worth $569,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. raised its holdings in NWPX Infrastructure by 258.7% in the first quarter. Russell Investments Group Ltd. now owns 96,863 shares of the industrial products company’s stock worth $4,000,000 after buying an additional 69,856 shares during the last quarter. Nuveen LLC purchased a new position in NWPX Infrastructure in the first quarter worth about $1,042,000. Invesco Ltd. raised its holdings in NWPX Infrastructure by 49.4% in the first quarter. Invesco Ltd. now owns 110,861 shares of the industrial products company’s stock worth $4,579,000 after buying an additional 36,643 shares during the last quarter. Vanguard Group Inc. raised its holdings in NWPX Infrastructure by 1.7% in the first quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company’s stock worth $21,793,000 after buying an additional 8,837 shares during the last quarter. Finally, Allworth Financial LP raised its holdings in NWPX Infrastructure by 45.3% in the first quarter. Allworth Financial LP now owns 21,734 shares of the industrial products company’s stock worth $918,000 after buying an additional 6,778 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

NWPX Infrastructure Stock Performance

Shares of NWPX stock opened at $51.54 on Monday. The company has a 50 day moving average price of $42.31 and a 200-day moving average price of $42.65. NWPX Infrastructure, Inc. has a 52 week low of $36.97 and a 52 week high of $57.76. The firm has a market capitalization of $497.36 million, a PE ratio of 15.52, a P/E/G ratio of 1.52 and a beta of 0.93. The company has a quick ratio of 2.81, a current ratio of 3.95 and a debt-to-equity ratio of 0.11.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings results on Thursday, August 7th. The industrial products company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. The firm had revenue of $133.18 million during the quarter, compared to analyst estimates of $120.93 million. As a group, equities research analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $60.00 target price on shares of NWPX Infrastructure in a report on Monday, August 11th.

Insider Activity at NWPX Infrastructure

In other news, VP Megan A. Kendrick sold 3,500 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $50.00, for a total value of $175,000.00. Following the completion of the sale, the vice president directly owned 10,560 shares in the company, valued at $528,000. The trade was a 24.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.20% of the stock is owned by corporate insiders.

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.