Quantbot Technologies LP Invests $690,000 in NWPX Infrastructure, Inc. $NWPX

Key Points

• Quantbot Technologies LP initiated a $690,000 position in NWPX Infrastructure, buying 14,074 shares and owning about 0.15% of the company. Institutional investors and hedge funds collectively own 80.63% of NWPX.
• NWPX reported quarterly earnings of $1.62 per share, beating estimates of $1.33, while revenue of $159.48 million also exceeded expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $110.
• Company insiders sold 9,178 shares worth approximately $1.10 million during the last quarter, including transactions by a director and the CFO, both executed under pre-arranged Rule 10b5-1 plans.

Quantbot Technologies LP purchased a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,074 shares of the industrial products company's stock, valued at approximately $690,000. Quantbot Technologies LP owned approximately 0.15% of NWPX Infrastructure at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in NWPX Infrastructure during the 2nd quarter worth about $329,209,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of NWPX Infrastructure by 2.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 575,365 shares of the industrial products company's stock worth $30,453,000 after purchasing an additional 12,272 shares during the period. William Blair Investment Management LLC acquired a new stake in shares of NWPX Infrastructure during the second quarter worth approximately $23,010,000. Legal & General Group Plc grew its position in NWPX Infrastructure by 3.3% during the fourth quarter. Legal & General Group Plc now owns 200,985 shares of the industrial products company's stock valued at $12,560,000 after purchasing an additional 6,440 shares in the last quarter. Finally, LSV Asset Management grew its position in NWPX Infrastructure by 106.9% during the fourth quarter. LSV Asset Management now owns 143,558 shares of the industrial products company's stock valued at $8,971,000 after purchasing an additional 74,158 shares in the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NWPX Infrastructure

In related news, Director Keith R. Larson sold 1,250 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $115.86, for a total value of $144,825.00. Following the completion of the sale, the director directly owned 21,133 shares in the company, valued at approximately $2,448,469.38. The trade was a 5.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $120.00, for a total value of $51,360.00. Following the completion of the sale, the chief financial officer owned 25,898 shares of the company's stock, valued at approximately $3,107,760. This trade represents a 1.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 9,178 shares of company stock worth $1,102,410. 3.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NWPX shares. Weiss Ratings reissued a "buy (b)" rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a "neutral" rating and a $130.00 price target on the stock. Finally, Wall Street Zen lowered NWPX Infrastructure from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.00.

NWPX Infrastructure Stock Up 1.7%

NWPX stock opened at $114.28 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 1 year low of $49.25 and a 1 year high of $152.03. The company has a fifty day simple moving average of $128.58 and a 200 day simple moving average of $105.41. The firm has a market cap of $1.10 billion, a PE ratio of 22.90, a PEG ratio of 1.88 and a beta of 1.09.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.33 by $0.29. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. The firm had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. Sell-side analysts anticipate that NWPX Infrastructure, Inc. will post 5.43 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. Its products are also used for hydroelectric power systems, wastewater systems, seismic resiliency, and other applications.

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