NWPX Infrastructure, Inc. $NWPX Shares Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in NWPX Infrastructure by 229.8%, owning approximately 6,902 shares valued at $285,000 as of the latest SEC filing.
• NWPX Infrastructure's stock opened at $53.37 with a market capitalization of $515.02 million and recently reported earnings per share of $0.91, exceeding analysts' estimates.
• Institutional investors hold 80.63% of NWPX's shares, indicating strong institutional interest in the industrial products company's stock.

Quantbot Technologies LP raised its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 229.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,902 shares of the industrial products company's stock after acquiring an additional 4,809 shares during the period. Quantbot Technologies LP owned approximately 0.07% of NWPX Infrastructure worth $285,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NWPX. Aquatic Capital Management LLC purchased a new position in shares of NWPX Infrastructure in the 4th quarter valued at about $30,000. New York State Teachers Retirement System purchased a new position in shares of NWPX Infrastructure in 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. Tower Research Capital LLC TRC increased its holdings in shares of NWPX Infrastructure by 33.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 319 shares in the last quarter. Finally, Byrne Asset Management LLC increased its holdings 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 purchasing an additional 921 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company's stock.

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 completion of the transaction, the chief financial officer directly owned 27,262 shares in the company, valued at approximately $1,387,363.18. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 owned 10,560 shares of the company's stock, valued at $528,000. This trade represents a 24.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.20% of the company's stock.

Analyst Ratings Changes

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

NWPX Infrastructure Price Performance

NASDAQ:NWPX traded down $1.01 during mid-day trading on Friday, hitting $52.96. 73,132 shares of the company's stock traded hands, compared to its average volume of 66,739. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.81 and a current ratio of 3.95. The firm's 50 day simple moving average is $44.97 and its 200 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. The company has a market cap of $511.06 million, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share 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 firm had revenue of $133.18 million during the quarter, compared to the consensus estimate of $120.93 million. Sell-side analysts expect that NWPX Infrastructure, Inc. will post 3.32 EPS for the current 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.