Heartland Advisors Inc. Makes New $20.99 Million Investment in NWPX Infrastructure, Inc. $NWPX

Heartland Advisors Inc. acquired a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 140,000 shares of the industrial products company’s stock, valued at approximately $20,992,000. NWPX Infrastructure comprises 0.9% of Heartland Advisors Inc.’s portfolio, making the stock its 25th biggest position. Heartland Advisors Inc. owned about 1.45% of NWPX Infrastructure at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NWPX. Wexford Capital LP purchased a new stake in NWPX Infrastructure during the third quarter worth approximately $29,000. Simplex Trading LLC increased its stake in NWPX Infrastructure by 193.9% in the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 320 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in NWPX Infrastructure in the second quarter valued at approximately $41,000. State of Wyoming acquired a new stake in NWPX Infrastructure during the second quarter worth approximately $60,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in NWPX Infrastructure during the fourth quarter worth approximately $71,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Trading Up 0.2%

NASDAQ NWPX opened at $110.08 on Friday. The firm’s fifty day moving average is $130.46 and its two-hundred day moving average is $104.01. NWPX Infrastructure, Inc. has a one year low of $49.25 and a one year high of $152.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The firm has a market cap of $1.06 billion, a PE ratio of 22.06, a P/E/G ratio of 1.84 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX) last announced its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The business had revenue of $159.48 million during the quarter, compared to the consensus estimate of $154.70 million. Analysts expect that NWPX Infrastructure, Inc. will post 5.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NWPX. Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Wall Street Zen lowered shares of NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research report on Wednesday, June 10th. They issued 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 given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.00.

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 428 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $51,360.00. Following the completion of the sale, the chief financial officer directly owned 25,898 shares of the company’s stock, valued at approximately $3,107,760. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott J. Montross sold 2,500 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $115.13, for a total value of $287,825.00. Following the completion of the transaction, the chief executive officer owned 73,629 shares in the company, valued at $8,476,906.77. This trade represents a 3.28% decrease in their ownership of the stock. 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. Insiders sold a total of 9,178 shares of company stock valued at $1,102,410 in the last ninety days. 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.