6,609 Shares in NWPX Infrastructure, Inc. $NWPX Purchased by PDT Partners LLC

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 acquired a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,609 shares of the industrial products company's stock, valued at approximately $273,000. PDT Partners LLC owned about 0.07% of NWPX Infrastructure as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of NWPX. New York State Teachers Retirement System acquired a new stake in NWPX Infrastructure during the first quarter worth about $37,000. SG Americas Securities LLC grew its stake in shares of NWPX Infrastructure by 54.3% during the 1st quarter. SG Americas Securities LLC now owns 7,571 shares of the industrial products company's stock worth $313,000 after purchasing an additional 2,663 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of NWPX Infrastructure by 9.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 53,875 shares of the industrial products company's stock worth $2,225,000 after purchasing an additional 4,509 shares during the period. Two Sigma Investments LP increased its holdings in shares of NWPX Infrastructure by 27.4% during the 4th quarter. Two Sigma Investments LP now owns 35,297 shares of the industrial products company's stock valued at $1,703,000 after purchasing an additional 7,593 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of NWPX Infrastructure by 3,930.5% in the 1st quarter. GAMMA Investing LLC now owns 31,801 shares of the industrial products company's stock valued at $1,313,000 after purchasing an additional 31,012 shares during the period. Institutional investors and hedge funds own 80.63% of the company's stock.

Insider Activity at NWPX Infrastructure

In related news, VP Megan A. Kendrick sold 3,500 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was 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 in the company, valued at approximately $528,000. The trade was a 24.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aaron Wilkins sold 2,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $52.24, for a total value of $104,480.00. Following the completion of the transaction, the chief financial officer directly owned 24,762 shares of the company's stock, valued at approximately $1,293,566.88. This represents a 7.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,500 shares of company stock valued at $433,715. 3.20% of the stock is owned by company insiders.

NWPX Infrastructure Price Performance

NASDAQ:NWPX traded up $1.70 during trading hours on Thursday, reaching $53.32. 40,163 shares of the company were exchanged, compared to its average volume of 55,370. 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 firm has a market cap of $514.75 million, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. NWPX Infrastructure, Inc. has a twelve month low of $36.97 and a twelve month high of $57.76. The stock's 50-day moving average is $46.91 and its 200-day moving average is $42.97.

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 (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 analyst estimates of $120.93 million. On average, sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.