Trexquant Investment LP Has $1.38 Million Holdings in NWPX Infrastructure, Inc. $NWPX

Key Points

• Trexquant Investment LP increased its holdings in NWPX Infrastructure, Inc. by 171.8% during Q1, now owning approximately 0.34% of the company valued at $1,376,000.
• Institutional investors now own 80.63% of NWPX Infrastructure, with significant increases from hedge funds like GAMMA Investing LLC, which raised its stake by 3,930.5% in Q1.
• NWPX Infrastructure reported a net margin of 6.69% and an earnings per share of $0.91 for the last quarter, exceeding analysts’ expectations.

Trexquant Investment LP increased its holdings in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 171.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,310 shares of the industrial products company's stock after purchasing an additional 21,053 shares during the quarter. Trexquant Investment LP owned 0.34% of NWPX Infrastructure worth $1,376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NWPX. New York State Teachers Retirement System bought a new stake in shares of NWPX Infrastructure in the 1st quarter worth approximately $37,000. Point72 Asset Management L.P. acquired a new stake in shares of NWPX Infrastructure during the fourth quarter valued at approximately $53,000. Tower Research Capital LLC TRC raised its holdings in shares of NWPX Infrastructure by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 319 shares during the period. Byrne Asset Management LLC raised its holdings in shares of NWPX Infrastructure by 62.2% during 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, AlphaQuest LLC raised its holdings in shares of NWPX Infrastructure by 738.5% during the first quarter. AlphaQuest LLC now owns 5,467 shares of the industrial products company's stock valued at $226,000 after acquiring an additional 4,815 shares during the period. 80.63% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NWPX Infrastructure

In related news, VP Megan A. Kendrick sold 3,500 shares of the company's stock in a transaction 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 sale, the vice president directly owned 10,560 shares in the company, valued at approximately $528,000. This represents a 24.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Aaron Wilkins sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $52.24, for a total value of $104,480.00. Following the transaction, the chief financial officer owned 24,762 shares in the company, valued at approximately $1,293,566.88. This trade represents a 7.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,500 shares of company stock valued at $433,715. 3.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

NWPX Infrastructure Stock Down 2.9%

NWPX traded down $1.50 on Tuesday, reaching $50.62. 52,255 shares of the company traded hands, compared to its average volume of 69,007. The stock's 50 day moving average price is $46.34 and its 200-day moving average price is $42.81. NWPX Infrastructure, Inc. has a 52-week low of $36.97 and a 52-week high of $57.76. The company has a market cap of $488.69 million, a price-to-earnings ratio of 15.25, a PEG ratio of 1.54 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 (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. The firm had revenue of $133.18 million for the quarter, compared to the consensus estimate of $120.93 million. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. On average, sell-side analysts expect 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.