AlphaQuest LLC Has $226,000 Holdings in NWPX Infrastructure, Inc. $NWPX

Key Points

• AlphaQuest LLC has significantly increased its stake in NWPX Infrastructure, acquiring 4,815 additional shares, representing a 738.5% increase in the first quarter, bringing its total ownership to 5,467 shares valued at approximately $226,000.
• Analysts currently have an average target price of $57.50 for NWPX Infrastructure, with DA Davidson setting a target price of $60.00 in a recent report.
• NWPX Infrastructure reported earnings of $0.91 per share for the last quarter, surpassing analyst expectations and generating revenue of $133.18 million.

AlphaQuest LLC grew its stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 738.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,467 shares of the industrial products company's stock after buying an additional 4,815 shares during the period. AlphaQuest LLC owned approximately 0.06% of NWPX Infrastructure worth $226,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of NWPX Infrastructure by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,713 shares of the industrial products company's stock worth $39,029,000 after purchasing an additional 43,659 shares during the period. Vanguard Group Inc. grew its position in NWPX Infrastructure by 1.7% during the first quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company's stock worth $21,793,000 after buying an additional 8,837 shares in the last quarter. First Wilshire Securities Management Inc. grew its position in NWPX Infrastructure by 14.2% during the first quarter. First Wilshire Securities Management Inc. now owns 325,602 shares of the industrial products company's stock worth $13,447,000 after buying an additional 40,448 shares in the last quarter. American Century Companies Inc. grew its position in NWPX Infrastructure by 10.4% during the first quarter. American Century Companies Inc. now owns 240,172 shares of the industrial products company's stock worth $9,919,000 after buying an additional 22,693 shares in the last quarter. Finally, Millennium Management LLC grew its position in NWPX Infrastructure by 73.4% during the fourth quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company's stock worth $5,636,000 after buying an additional 49,446 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $60.00 price target on shares of 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 has a consensus rating of "Hold" and an average target price of $57.50.

Insider Activity at NWPX Infrastructure

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 2,500 shares of the company'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 sale, the chief financial officer owned 27,262 shares of the company's stock, valued at approximately $1,387,363.18. This represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Megan A. Kendrick sold 3,500 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $50.00, for a total transaction of $175,000.00. Following the completion of the sale, the vice president directly owned 10,560 shares of the company's stock, valued at $528,000. The trade was a 24.89% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.20% of the company's stock.

NWPX Infrastructure Price Performance

Shares of NWPX traded down $1.01 during mid-day trading on Monday, hitting $52.96. 73,132 shares of the company traded hands, compared to its average volume of 67,148. NWPX Infrastructure, Inc. has a one year low of $36.97 and a one year high of $57.76. The company has a current ratio of 3.95, a quick ratio of 2.81 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average of $45.23 and a 200 day moving average of $42.77. The stock has a market capitalization of $511.06 million, a price-to-earnings ratio of 15.95, a PEG ratio of 1.56 and a beta of 0.91.

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, beating the consensus estimate of $0.72 by $0.19. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. The business had revenue of $133.18 million for the quarter, compared to analysts' expectations of $120.93 million. As a group, equities analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

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.