Cubist Systematic Strategies LLC Purchases 17,507 Shares of NWPX Infrastructure, Inc. $NWPX

Key Points

• Cubist Systematic Strategies LLC increased its stake in NWPX Infrastructure, Inc. by 374.6% during the first quarter, acquiring additional shares and owning 0.22% of the company worth $916,000 by the end of the reporting period.
• NWPX Infrastructure reported earnings of $0.91 EPS in its latest quarterly results, exceeding analysts' expectations of $0.72, with revenues totaling $133.18 million.
• Shares of NWPX Infrastructure fell by 2.9% and currently have an average target price of $57.50, with three analysts rating the stock as a hold.

Cubist Systematic Strategies LLC raised its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 374.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,180 shares of the industrial products company's stock after acquiring an additional 17,507 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.22% of NWPX Infrastructure worth $916,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its holdings in NWPX Infrastructure by 16.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,483 shares of the industrial products company's stock valued at $555,000 after purchasing an additional 1,626 shares during the last quarter. Northern Trust Corp lifted its holdings in NWPX Infrastructure by 2.1% during the 4th quarter. Northern Trust Corp now owns 102,317 shares of the industrial products company's stock valued at $4,938,000 after purchasing an additional 2,142 shares during the last quarter. Bank of America Corp DE lifted its holdings in NWPX Infrastructure by 20.6% during the 4th quarter. Bank of America Corp DE now owns 11,549 shares of the industrial products company's stock valued at $557,000 after purchasing an additional 1,975 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in NWPX Infrastructure by 59.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 44,159 shares of the industrial products company's stock valued at $2,131,000 after purchasing an additional 16,408 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in NWPX Infrastructure by 126.9% during the 4th quarter. Deutsche Bank AG now owns 8,172 shares of the industrial products company's stock valued at $394,000 after purchasing an additional 4,571 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company's stock.

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, VP Megan A. Kendrick sold 3,500 shares of NWPX Infrastructure stock in a transaction dated 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 in the company, valued at $528,000. The trade was a 24.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Aaron Wilkins sold 2,500 shares of NWPX Infrastructure stock in a transaction dated 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 owned 27,262 shares in the company, valued at approximately $1,387,363.18. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,500 shares of company stock worth $433,715. Company insiders own 3.20% of the company's stock.

NWPX Infrastructure Price Performance

Shares of NASDAQ NWPX traded up $0.59 during mid-day trading on Monday, reaching $51.86. The company had a trading volume of 11,213 shares, compared to its average volume of 68,232. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95. NWPX Infrastructure, Inc. has a one year low of $36.97 and a one year high of $57.76. The firm has a market cap of $500.61 million, a price-to-earnings ratio of 15.62, a PEG ratio of 1.51 and a beta of 0.91. The business's 50-day simple moving average is $47.08 and its 200 day simple moving average is $42.96.

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

Wall Street Analyst Weigh In

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

About NWPX Infrastructure

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.