NWPX Infrastructure, Inc. $NWPX Shares Bought by Cubist Systematic Strategies LLC

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 increased its stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 374.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,180 shares of the industrial products company's stock after purchasing an additional 17,507 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.22% of NWPX Infrastructure worth $916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NWPX. New York State Teachers Retirement System purchased a new stake in NWPX Infrastructure in the 1st quarter valued at about $37,000. Point72 Asset Management L.P. purchased a new stake in NWPX Infrastructure in the 4th quarter valued at about $53,000. Byrne Asset Management LLC grew its holdings in 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 stake in NWPX Infrastructure in the 1st quarter valued at about $220,000. Finally, AlphaQuest LLC grew its holdings in NWPX Infrastructure by 738.5% in the 1st quarter. AlphaQuest LLC now owns 5,467 shares of the industrial products company's stock valued at $226,000 after buying an additional 4,815 shares during the period. Hedge funds and other institutional investors own 80.63% of the company's stock.

Insider Buying and Selling

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 stock was sold at an average price of $50.89, for a total value of $127,225.00. Following the transaction, the chief financial officer directly owned 27,262 shares of the company's stock, valued at $1,387,363.18. This represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 value of $175,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,500 shares of company stock worth $433,715. 3.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

NWPX Infrastructure Stock Up 1.9%

NWPX Infrastructure stock traded up $0.98 during midday trading on Monday, hitting $52.25. 53,733 shares of the company were exchanged, compared to its average volume of 49,984. The company's fifty day moving average price is $47.28 and its 200-day moving average price is $43.01. The company has a market cap of $504.21 million, a PE ratio of 15.74, a price-to-earnings-growth ratio of 1.51 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.95 and a quick ratio of 2.81. NWPX Infrastructure, Inc. has a fifty-two week low of $36.97 and a fifty-two week high of $57.76.

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. 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 analyst estimates of $120.93 million. On average, research analysts predict that NWPX Infrastructure, Inc. will post 3.32 EPS 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.