> ## Content Index > Fetch the complete content index at: https://www.bullished.co/llms.txt > Use this file to discover other available public pages before exploring further. # Vanguard Capital Management Reports 5% Passive Stake In NWPX Infrastructure - URL: https://www.bullished.co/vanguard-capital-management-reports-5-passive-stake-in-nwpx-infrastructure-6817a9fa/ - Published: 2026-10-30T17:17:09.000Z - Updated: 2026-11-05T19:09:29.000Z - Description: The filing lists 482,011 shares, with sole voting power over 72,423 of them, days after NWPX posted record third-quarter sales. - Author: Matteo Parrino - Tags: SEC Filings, NWPX, Industry: Materials Vanguard Capital Management reported owning [482,011 shares](https://www.sec.gov/Archives/edgar/data/0002100119/000210011926001686/xslSCHEDULE%5F13G%5FX01/primary%5Fdoc.xml?ref=bullished.co) of [NWPX Infrastructure](https://www.bullished.co/tag/nwpx/), 5% of the common stock, in a passive ownership disclosure filed Friday. NWPX, the Vancouver, Washington maker of water-related infrastructure products, reported record third-quarter sales days earlier. ## A passive stake, with little voting power The filing carries a September 30, 2026 event date and classifies Vanguard as an investment adviser. It holds [sole dispositive power](https://www.sec.gov/Archives/edgar/data/0002100119/000210011926001686/xslSCHEDULE%5F13G%5FX01/primary%5Fdoc.xml?ref=bullished.co), meaning the power to decide on sales, over all 482,011 shares. Sole voting power covers only 72,423 of them, and shared voting power covers none. The signer certified that the shares were acquired and are held in the ordinary course of business, not to change or influence control of NWPX. The position combines holdings of Vanguard Capital Management LLC and affiliates, including Vanguard Asset Management Limited and Vanguard Fiduciary Trust Company. It also includes Vanguard funds, or sleeves of them, over which the firm exercises dispositive power. ## A pipe maker on a record run NWPX, formerly Northwest Pipe, makes large-diameter steel pipe for drinking water systems, along with precast concrete pipe, manholes, vaults and stormwater and wastewater products. Customers are mainly contractors building for public water agencies, private water companies and developers. The company posted [record third-quarter results](https://finance.yahoo.com/markets/stocks/articles/nwpx-infrastructure-announces-third-quarter-201500590.html?ref=bullished.co): net sales of $179.4 million and net income of $18.2 million, or $1.86 per diluted share. Its Water Transmission Systems backlog, including confirmed orders, reached a record $435 million. NWPX also [anticipates 2026 free cash flow](https://seekingalpha.com/news/4661025-nwpx-anticipates-62m-72m-in-2026-free-cash-flow-as-wts-backlog-reaches-435m?ref=bullished.co) of $62 million to $72 million. ## Shares near $98 NWPX shares traded at $97.62 in Friday trading, down about 0.39% from the prior close of $98.00\. That put the company's market value at $944 million. Vanguard's sole voting power over 72,423 shares is a small slice of the 482,011 shares it reported. Learn - [What a Reverse Termination Fee Means: Who Pays When a Merger Collapses →](https://www.bullished.co/learn/reverse-termination-fee-meaning/) A reverse termination fee is paid by the buyer to the target if a merger fails on agreed terms. See how it differs from a break-up fee, with live deal examples. - [How To Read A Merger Proxy: A Checklist For Shareholders Facing A Vote →](https://www.bullished.co/learn/merger-proxy-statement-how-to-read/) Facing a merger vote? Read the proxy in this order: price and payment, vote date and threshold, board background, synergy claims, then closing conditions. ### Sources - [SCHEDULE 13G — Vanguard Capital Management re: NWPX Infrastructure Inc (NWPX)](https://www.sec.gov/Archives/edgar/data/0002100119/000210011926001686/xslSCHEDULE%5F13G%5FX01/primary%5Fdoc.xml?ref=bullished.co) — SEC EDGAR - [NWPX (NWPX) Q3 2026 Earnings Call Transcript](https://finance.yahoo.com/markets/stocks/articles/nwpx-nwpx-q3-2026-earnings-193138022.html?ref=bullished.co) — Yahoo Finance - [NWPX anticipates $62M-$72M in 2026 free cash flow as WTS backlog reaches $435M (NASDAQ:NWPX)](https://seekingalpha.com/news/4661025-nwpx-anticipates-62m-72m-in-2026-free-cash-flow-as-wts-backlog-reaches-435m?ref=bullished.co) — seekingalpha.com - [NWPX Infrastructure Announces Third Quarter 2026 Financial Results](https://finance.yahoo.com/markets/stocks/articles/nwpx-infrastructure-announces-third-quarter-201500590.html?ref=bullished.co) — Yahoo Finance - [NWPX Infrastructure: Q3 Earnings Snapshot](https://finance.yahoo.com/markets/stocks/articles/nwpx-infrastructure-q3-earnings-snapshot-204350905.html?ref=bullished.co) — Associated Press - [NWPX Infrastructure (NWPX) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates](https://finance.yahoo.com/markets/stocks/articles/nwpx-infrastructure-nwpx-q3-earnings-213001294.html?ref=bullished.co) — Yahoo Finance ### More on NWPX Infrastructure - [NWPX's Signed Pipe Backlog Fell To $264 Million Even As One $57 Million Job Lifted Sales To A Record](https://www.bullished.co/nwpxs-signed-pipe-backlog-fell-to-264-million-even-as-one-57-million-job-lifted-sales-to-a-5c50d3df/) - [NWPX Books $11 Million In Data Center Precast Orders As Housing Demand Fades](https://www.bullished.co/nwpx-books-11-million-in-data-center-precast-orders-as-housing-demand-fades-8fb761da/) - [NWPX CEO Says Filling The Gap Left By Its Biggest Project In 2027 Is 'A Tall Order'](https://www.bullished.co/nwpx-ceo-says-filling-the-gap-left-by-its-biggest-project-in-2027-is-a-tall-order-9ce5c5e2/) [All NWPX Infrastructure (NWPX) coverage →](https://www.bullished.co/tag/nwpx/)