Allspring Global Investments Holdings LLC Boosts Holdings in NWPX Infrastructure, Inc. $NWPX

Allspring Global Investments Holdings LLC grew its holdings in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,961 shares of the industrial products company’s stock after acquiring an additional 16,434 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.06% of NWPX Infrastructure worth $6,372,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NWPX. LSV Asset Management raised its stake in shares of NWPX Infrastructure by 166.9% during the third quarter. LSV Asset Management now owns 69,400 shares of the industrial products company’s stock worth $3,673,000 after acquiring an additional 43,398 shares in the last quarter. Royce & Associates LP raised its stake in shares of NWPX Infrastructure by 7.1% during the third quarter. Royce & Associates LP now owns 537,188 shares of the industrial products company’s stock worth $28,433,000 after acquiring an additional 35,768 shares in the last quarter. CenterBook Partners LP bought a new position in shares of NWPX Infrastructure in the third quarter worth approximately $1,643,000. Millennium Management LLC grew its holdings in shares of NWPX Infrastructure by 86.6% in the third quarter. Millennium Management LLC now owns 48,723 shares of the industrial products company’s stock worth $2,579,000 after purchasing an additional 22,611 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of NWPX Infrastructure by 274.8% in the first quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock worth $1,193,000 after purchasing an additional 21,179 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on NWPX shares. Wall Street Zen cut shares of NWPX Infrastructure from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 24th. Zacks Research upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, DA Davidson raised their target price on shares of NWPX Infrastructure from $70.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat, NWPX Infrastructure has an average rating of “Strong Buy” and a consensus price target of $90.00.

Insider Activity at NWPX Infrastructure

In related news, EVP Miles Brittain sold 3,300 shares of NWPX Infrastructure stock in a transaction on Friday, March 20th. The shares were sold at an average price of $70.89, for a total value of $233,937.00. Following the sale, the executive vice president owned 20,006 shares in the company, valued at $1,418,225.34. The trade was a 14.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amanda Julian sold 3,473 shares of NWPX Infrastructure stock in a transaction on Monday, March 16th. The shares were sold at an average price of $71.98, for a total transaction of $249,986.54. Following the completion of the sale, the director owned 10,417 shares in the company, valued at approximately $749,815.66. This trade represents a 25.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 20,273 shares of company stock worth $1,490,019. 3.20% of the stock is currently owned by insiders.

NWPX Infrastructure Stock Performance

NASDAQ:NWPX opened at $78.43 on Tuesday. The stock has a market cap of $750.89 million, a P/E ratio of 21.85, a price-to-earnings-growth ratio of 1.71 and a beta of 0.92. The firm’s fifty day simple moving average is $74.59 and its 200 day simple moving average is $64.51. NWPX Infrastructure, Inc. has a twelve month low of $36.97 and a twelve month high of $83.12. The company has a quick ratio of 2.66, a current ratio of 3.78 and a debt-to-equity ratio of 0.02.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.31. The business had revenue of $125.64 million for the quarter, compared to analysts’ expectations of $122.00 million. NWPX Infrastructure had a net margin of 6.73% and a return on equity of 9.27%. As a group, research analysts predict that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

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.