12,300 Shares in NWPX Infrastructure, Inc. $NWPX Bought by Strs Ohio

Key Points

• Strs Ohio has acquired 12,300 shares of NWPX Infrastructure, valued at approximately $508,000, marking its first purchase of the company's stock.
• Various institutional investors have increased their holdings in NWPX, with Cubist Systematic Strategies LLC notably boosting its stake by 374.6% in the first quarter.
• NWPX Infrastructure's quarterly earnings exceeded estimates, with an earnings per share (EPS) of $0.91 compared to a consensus estimate of $0.72.

Strs Ohio bought a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,300 shares of the industrial products company's stock, valued at approximately $508,000. Strs Ohio owned 0.12% of NWPX Infrastructure at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new position in NWPX Infrastructure during the 1st quarter valued at about $37,000. Point72 Asset Management L.P. purchased a new position in shares of NWPX Infrastructure in the 4th quarter valued at about $53,000. Byrne Asset Management LLC boosted its stake in shares of NWPX Infrastructure by 62.2% in the 1st quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock valued at $99,000 after buying an additional 921 shares during the period. Magnetar Financial LLC purchased a new position in shares of NWPX Infrastructure in the 1st quarter valued at about $220,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of NWPX Infrastructure in the 1st quarter valued at about $224,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, DA Davidson set a $60.00 price objective on NWPX Infrastructure in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $57.50.

NWPX Infrastructure Stock Performance

NWPX traded up $0.32 during trading on Monday, hitting $53.05. 62,426 shares of the stock were exchanged, compared to its average volume of 68,168. The firm has a market capitalization of $511.93 million, a P/E ratio of 15.98, a PEG ratio of 1.55 and a beta of 0.91. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $57.76. The stock has a fifty day moving average price of $48.32 and a two-hundred day moving average price of $43.40. The company has a quick ratio of 2.81, a current ratio of 3.95 and a debt-to-equity ratio of 0.11.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The industrial products company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. The company had revenue of $133.18 million for the quarter, compared to analyst estimates of $120.93 million. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. As a group, sell-side analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Megan A. Kendrick sold 3,500 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $50.00, for a total value of $175,000.00. Following the transaction, the vice president owned 10,560 shares of the company's stock, valued at approximately $528,000. The trade was a 24.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aaron Wilkins sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $50.89, for a total value of $127,225.00. Following the completion of the transaction, the chief financial officer directly owned 27,262 shares in the company, valued at approximately $1,387,363.18. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,500 shares of company stock worth $433,715. Corporate insiders own 3.20% of the company's stock.

NWPX Infrastructure Company 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.