Brandywine Global Investment Management LLC Acquires 6,180 Shares of NWPX Infrastructure, Inc. $NWPX

Brandywine Global Investment Management LLC grew its stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 17.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,438 shares of the industrial products company’s stock after acquiring an additional 6,180 shares during the period. Brandywine Global Investment Management LLC owned 0.43% of NWPX Infrastructure worth $1,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Byrne Asset Management LLC lifted its stake in NWPX Infrastructure by 20.1% in the 2nd quarter. Byrne Asset Management LLC now owns 2,883 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 482 shares in the last quarter. Boston Partners increased its position in shares of NWPX Infrastructure by 7.2% during the 2nd quarter. Boston Partners now owns 14,776 shares of the industrial products company’s stock valued at $606,000 after purchasing an additional 987 shares during the last quarter. Inspire Investing LLC grew its position in NWPX Infrastructure by 12.9% during the second quarter. Inspire Investing LLC now owns 9,400 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 1,074 shares during the last quarter. Bank of New York Mellon Corp grew its position in NWPX Infrastructure by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 42,670 shares of the industrial products company’s stock worth $1,762,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Algert Global LLC lifted its position in NWPX Infrastructure by 33.9% in the first quarter. Algert Global LLC now owns 6,580 shares of the industrial products company’s stock valued at $272,000 after purchasing an additional 1,667 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NWPX Infrastructure

In related news, CFO Aaron Wilkins sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $52.24, for a total transaction of $104,480.00. Following the completion of the sale, the chief financial officer directly owned 24,762 shares in the company, valued at approximately $1,293,566.88. The trade was a 7.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Scott J. Montross sold 8,210 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $57.27, for a total transaction of $470,186.70. Following the sale, the chief executive officer directly owned 68,781 shares of the company’s stock, valued at approximately $3,939,087.87. This represents a 10.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,710 shares of company stock worth $828,717 in the last quarter. Company insiders own 3.20% of the company’s stock.

NWPX Infrastructure Price Performance

NASDAQ NWPX opened at $56.93 on Tuesday. The stock has a market capitalization of $547.10 million, a price-to-earnings ratio of 15.47, a PEG ratio of 1.64 and a beta of 0.91. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $65.84. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.95 and a quick ratio of 2.81. The business’s fifty day moving average price is $54.57 and its 200-day moving average price is $47.71.

NWPX Infrastructure (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.36. The company had revenue of $151.07 million during the quarter, compared to analysts’ expectations of $132.01 million. NWPX Infrastructure had a return on equity of 9.71% and a net margin of 7.04%. On average, equities analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

NWPX has been the subject of several recent analyst reports. DA Davidson upped their price objective on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Northland Capmk raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of NWPX Infrastructure in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.50.

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.