Trexquant Investment LP Buys 21,053 Shares of 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 lifted its holdings in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 171.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,310 shares of the industrial products company's stock after purchasing an additional 21,053 shares during the period. Trexquant Investment LP owned about 0.34% of NWPX Infrastructure worth $1,376,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Jump Financial LLC grew its position in NWPX Infrastructure by 95.5% during the first quarter. Jump Financial LLC now owns 8,764 shares of the industrial products company's stock valued at $362,000 after purchasing an additional 4,281 shares in the last quarter. AlphaQuest LLC increased its holdings in NWPX Infrastructure by 738.5% in the 1st quarter. AlphaQuest LLC now owns 5,467 shares of the industrial products company's stock valued at $226,000 after buying an additional 4,815 shares during the period. EntryPoint Capital LLC bought a new stake in shares of NWPX Infrastructure in the 1st quarter worth about $378,000. First Wilshire Securities Management Inc. grew its holdings in shares of NWPX Infrastructure by 14.2% in the 1st quarter. First Wilshire Securities Management Inc. now owns 325,602 shares of the industrial products company's stock worth $13,447,000 after purchasing an additional 40,448 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in shares of NWPX Infrastructure by 229.8% in the 1st quarter. Quantbot Technologies LP now owns 6,902 shares of the industrial products company's stock worth $285,000 after purchasing an additional 4,809 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, VP Megan A. Kendrick sold 3,500 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $175,000.00. Following 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Aaron Wilkins sold 2,500 shares of NWPX Infrastructure stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $50.89, for a total value 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 represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,500 shares of company stock worth $433,715 in the last 90 days. 3.20% of the stock is owned by company insiders.

NWPX Infrastructure Stock Up 3.3%

Shares of NASDAQ NWPX traded up $1.70 during trading hours on Thursday, hitting $53.32. The company had a trading volume of 40,163 shares, compared to its average volume of 55,370. The stock has a market capitalization of $514.75 million, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 1.52 and a beta of 0.91. The company has a quick ratio of 2.81, a current ratio of 3.95 and a debt-to-equity ratio of 0.11. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $57.76. The firm'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 quarterly 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 return on equity of 8.93% and a net margin of 6.69%.The business had revenue of $133.18 million during the quarter, compared to the consensus estimate of $120.93 million. On average, analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

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.