Heartland Advisors Inc. Sells 45,000 Shares of NWPX Infrastructure, Inc. $NWPX

Heartland Advisors Inc. decreased its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 18.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 200,000 shares of the industrial products company’s stock after selling 45,000 shares during the period. Heartland Advisors Inc.’s holdings in NWPX Infrastructure were worth $15,572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hillsdale Investment Management Inc. acquired a new stake in NWPX Infrastructure during the 1st quarter worth $4,609,000. Principal Financial Group Inc. acquired a new position in NWPX Infrastructure in the first quarter valued at about $1,038,000. Hsbc Holdings PLC increased its holdings in shares of NWPX Infrastructure by 32.0% in the first quarter. Hsbc Holdings PLC now owns 4,791 shares of the industrial products company’s stock worth $371,000 after acquiring an additional 1,161 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of NWPX Infrastructure in the first quarter worth about $1,770,000. Finally, Strs Ohio raised its position in shares of NWPX Infrastructure by 53.6% during the first quarter. Strs Ohio now owns 8,600 shares of the industrial products company’s stock worth $670,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

Shares of NASDAQ NWPX opened at $138.20 on Friday. The firm has a market cap of $1.33 billion, a PE ratio of 32.29, a PEG ratio of 2.53 and a beta of 1.07. The company has a current ratio of 2.68, a quick ratio of 2.06 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 1-year low of $40.01 and a 1-year high of $152.03. The company has a fifty day moving average price of $128.04 and a 200 day moving average price of $94.27.

NWPX Infrastructure (NASDAQ:NWPX) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.40. NWPX Infrastructure had a return on equity of 10.80% and a net margin of 7.66%.The firm had revenue of $138.25 million during the quarter, compared to analysts’ expectations of $125.10 million. Research analysts predict that NWPX Infrastructure, Inc. will post 4.97 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NWPX has been the topic of several recent analyst reports. Weiss Ratings upgraded NWPX Infrastructure from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 8th. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They set a “neutral” rating and a $130.00 target price for the company. Zacks Research cut NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

NWPX Infrastructure 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.