William Blair opens $23M position in NWPX Infrastructure
What's the deal? William Blair Investment Management LLC bought a new stake in NWPX InfrastructureDealroom has a profile for this one. Try Dealroom → during the second quarter, according to HoldingsChannel.com. The firm acquired 469,008 shares worth approximately $23.01 million.
Why it matters: The purchase adds to steady institutional accumulation. Institutional investors own 80.63% of NWPX Infrastructure's stock. Analysts maintain a cautiously positive view, with an average "Moderate Buy" rating and a $110 average price target, although some firms have recently lowered their ratings.
Insider moves: CEO Scott J. Montross sold 2,500 shares on August 10 at an average price of $118.74, while CFO Aaron Wilkins sold 428 shares at $120. Both trades were executed under pre-arranged Rule 10b5-1 plans.
The signal: A fresh eight-figure position from a major investment manager underscores institutional appetite for NWPX Infrastructure, even as analysts temper their ratings and insiders take profits near the stock's recent highs.
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