PDT Partners LLC Buys Shares of 6,609 NWPX Infrastructure, Inc. $NWPX

Key Points

• PDT Partners LLC has acquired 6,609 shares of NWPX Infrastructure, Inc. for approximately $273,000, marking a new position in the company.
• NWPX Infrastructure reported earnings per share of $0.91, exceeding analysts' expectations of $0.72, and had a net margin of 6.69% for the quarter.
• Insider transactions include significant share sales by company executives, indicating a reduction in ownership levels, with a total of 8,500 shares sold worth $433,715 in the last three months.

PDT Partners LLC purchased a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,609 shares of the industrial products company's stock, valued at approximately $273,000. PDT Partners LLC owned 0.07% of NWPX Infrastructure at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. New York State Teachers Retirement System purchased a new stake in NWPX Infrastructure during the 1st quarter worth about $37,000. Point72 Asset Management L.P. purchased a new stake in shares of NWPX Infrastructure in the fourth quarter worth about $53,000. Tower Research Capital LLC TRC lifted its holdings in shares of NWPX Infrastructure by 33.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock worth $62,000 after buying an additional 319 shares in the last quarter. Byrne Asset Management LLC boosted its position in shares of NWPX Infrastructure by 62.2% in the first quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock valued at $99,000 after acquiring an additional 921 shares during the period. Finally, Magnetar Financial LLC purchased a new position in NWPX Infrastructure during the first quarter valued at approximately $220,000. 80.63% of the stock is currently owned by institutional investors.

NWPX Infrastructure Stock Down 0.1%

Shares of NASDAQ NWPX opened at $52.16 on Friday. 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 $46.12 and a 200-day moving average of $42.88. The firm has a market capitalization of $503.55 million, a price-to-earnings ratio of 15.71, a PEG ratio of 1.54 and a beta of 0.91. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $120.93 million. Sell-side analysts expect 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 target price on shares of NWPX Infrastructure in a research note on Monday, August 11th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $57.50.

Insiders Place Their Bets

In other news, VP Megan A. Kendrick sold 3,500 shares of the firm's stock in a transaction 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 sale, the vice president owned 10,560 shares in the company, valued at approximately $528,000. This trade represents a 24.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Aaron Wilkins sold 2,500 shares of the company's stock in a transaction on Friday, August 22nd. The stock was 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 owned 27,262 shares of the company's stock, valued at $1,387,363.18. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,500 shares of company stock worth $433,715 in the last three months. Insiders own 3.20% of the company's stock.

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.

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