Vise Technologies Inc. Purchases New Position in NWPX Infrastructure, Inc. $NWPX

Vise Technologies Inc. purchased a new stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,847 shares of the industrial products company’s stock, valued at approximately $385,000. Vise Technologies Inc. owned approximately 0.08% of NWPX Infrastructure as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Wexford Capital LP bought a new position in shares of NWPX Infrastructure in the third quarter valued at approximately $29,000. Simplex Trading LLC grew its position in NWPX Infrastructure by 193.9% during the 4th quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 320 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in NWPX Infrastructure during the 2nd quarter worth approximately $41,000. State of Wyoming acquired a new stake in NWPX Infrastructure during the 2nd quarter valued at $60,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in NWPX Infrastructure during the 4th quarter valued at $71,000. 80.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NWPX Infrastructure 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 transaction of $51,360.00. Following the completion of the sale, the chief financial officer owned 25,898 shares in the company, valued at approximately $3,107,760. The trade was a 1.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 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 directly owned 73,629 shares in the company, valued at approximately $8,476,906.77. This trade represents a 3.28% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 9,178 shares of company stock valued at $1,102,410. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NWPX. Wall Street Zen lowered 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 report on Wednesday, August 5th. Zacks Research cut shares of NWPX Infrastructure from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.00.

NWPX Infrastructure Trading Up 0.1%

Shares of NWPX opened at $110.59 on Wednesday. The stock’s fifty day simple moving average is $129.61 and its 200-day simple moving average is $104.84. The firm has a market capitalization of $1.07 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03. The company has a quick ratio of 1.94, a current ratio of 2.71 and a debt-to-equity ratio of 0.02.

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

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.