Magnetar Financial LLC Takes $220,000 Position in NWPX Infrastructure, Inc. $NWPX

Key Points

• Magnetar Financial LLC acquired a new stake in NWPX Infrastructure, purchasing 5,318 shares valued at approximately $220,000 in the 1st quarter, representing about 0.05% ownership of the company.
• Wall Street analysts have a consensus rating of "Hold" on NWPX Infrastructure, with an average price target of $57.50, after DA Davidson set a price objective of $60.00.
• NWPX Infrastructure recently reported earnings of $0.91 per share for the past quarter, surpassing the analyst estimates, with revenues reaching $133.18 million.

Magnetar Financial LLC purchased a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,318 shares of the industrial products company's stock, valued at approximately $220,000. Magnetar Financial LLC owned about 0.05% of NWPX Infrastructure as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Trexquant Investment LP increased its holdings in shares of NWPX Infrastructure by 171.8% in the 1st quarter. Trexquant Investment LP now owns 33,310 shares of the industrial products company's stock worth $1,376,000 after acquiring an additional 21,053 shares during the period. Jump Financial LLC increased its holdings in shares of NWPX Infrastructure by 95.5% in the 1st quarter. Jump Financial LLC now owns 8,764 shares of the industrial products company's stock worth $362,000 after acquiring an additional 4,281 shares during the period. AlphaQuest LLC increased its holdings in shares of NWPX Infrastructure by 738.5% in the 1st quarter. AlphaQuest LLC now owns 5,467 shares of the industrial products company's stock worth $226,000 after acquiring an additional 4,815 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of NWPX Infrastructure in the 1st quarter worth about $378,000. Finally, First Wilshire Securities Management Inc. increased its holdings in shares of NWPX Infrastructure by 14.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 325,602 shares of the industrial products company's stock worth $13,447,000 after acquiring an additional 40,448 shares during the period. 80.63% of the stock is currently owned by institutional investors.

Insider Activity

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 2,500 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $50.89, for a total transaction of $127,225.00. Following the transaction, the chief financial officer owned 27,262 shares of the company's stock, valued at approximately $1,387,363.18. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Megan A. Kendrick sold 3,500 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $50.00, for a total transaction of $175,000.00. Following the transaction, the vice president directly owned 10,560 shares in the company, valued at approximately $528,000. The trade was a 24.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,500 shares of company stock worth $433,715. 3.20% of the stock is owned by corporate insiders.

NWPX Infrastructure Price Performance

NWPX Infrastructure stock traded down $0.05 during trading hours on Friday, hitting $52.16. 41,704 shares of the company traded hands, compared to its average volume of 67,563. The firm has a market cap of $503.34 million, a P/E ratio of 15.71, a P/E/G ratio of 1.54 and a beta of 0.91. The company has a quick ratio of 2.81, a current ratio of 3.95 and a debt-to-equity ratio of 0.11. The firm's 50-day simple moving average is $46.12 and its two-hundred day simple moving average is $42.83. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $57.76.

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

Analyst Upgrades and Downgrades

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

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.