NWPX Infrastructure, Inc. $NWPX Stock Position Lessened by AlphaQuest LLC

AlphaQuest LLC lowered its stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 87.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,453 shares of the industrial products company’s stock after selling 10,321 shares during the quarter. AlphaQuest LLC’s holdings in NWPX Infrastructure were worth $77,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in shares of NWPX Infrastructure during the 3rd quarter worth about $28,000. CWM LLC increased its stake in shares of NWPX Infrastructure by 75.8% during the third quarter. CWM LLC now owns 582 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 251 shares during the period. SG Americas Securities LLC bought a new stake in NWPX Infrastructure during the third quarter worth approximately $128,000. Raymond James Financial Inc. acquired a new stake in NWPX Infrastructure in the second quarter worth approximately $163,000. Finally, Man Group plc acquired a new position in shares of NWPX Infrastructure during the 2nd quarter valued at $212,000. Institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NWPX shares. Northland Securities raised NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Weiss Ratings raised NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. DA Davidson boosted their price target on shares of NWPX Infrastructure from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Wall Street Zen upgraded 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, two have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $70.00.

NWPX Infrastructure Stock Performance

Shares of NWPX opened at $74.67 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62. The stock has a market cap of $717.58 million, a price-to-earnings ratio of 20.29, a PEG ratio of 1.77 and a beta of 0.96. NWPX Infrastructure, Inc. has a one year low of $36.97 and a one year high of $77.43. The company has a 50-day moving average of $66.50 and a two-hundred day moving average of $57.88.

Insider Buying and Selling at NWPX Infrastructure

In related news, Director Michael C. Franson sold 5,506 shares of NWPX Infrastructure stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $60.17, for a total transaction of $331,296.02. Following the completion of the transaction, the director directly owned 18,525 shares of the company’s stock, valued at $1,114,649.25. This trade represents a 22.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Miles Brittain sold 4,000 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $56.41, for a total transaction of $225,640.00. Following the completion of the transaction, the executive vice president owned 25,725 shares in the company, valued at approximately $1,451,147.25. This trade represents a 13.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 15,791 shares of company stock valued at $933,782. 3.20% of the stock is currently owned by company 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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.