NWPX Infrastructure, Inc. $NWPX Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 374.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,180 shares of the industrial products company’s stock after buying an additional 17,507 shares during the period. Cubist Systematic Strategies LLC owned 0.22% of NWPX Infrastructure worth $916,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Magnetar Financial LLC acquired a new position in shares of NWPX Infrastructure in the 1st quarter valued at $220,000. Trexquant Investment LP boosted its stake in NWPX Infrastructure by 171.8% during the 1st quarter. Trexquant Investment LP now owns 33,310 shares of the industrial products company’s stock worth $1,376,000 after purchasing an additional 21,053 shares during the period. Jump Financial LLC boosted its stake in NWPX Infrastructure by 95.5% during the 1st quarter. Jump Financial LLC now owns 8,764 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 4,281 shares during the period. AlphaQuest LLC boosted its stake in NWPX Infrastructure by 738.5% during the 1st quarter. AlphaQuest LLC now owns 5,467 shares of the industrial products company’s stock worth $226,000 after purchasing an additional 4,815 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in NWPX Infrastructure during the 1st quarter worth $378,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

NWPX Infrastructure Stock Down 2.9%

Shares of NWPX Infrastructure stock opened at $50.62 on Wednesday. The company has a market cap of $488.48 million, a P/E 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 quick ratio of 2.81 and a current ratio of 3.95. NWPX Infrastructure, Inc. has a one year low of $36.97 and a one year high of $57.76. The firm has a fifty day moving average of $46.51 and a two-hundred day moving average of $42.86.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Thursday, August 7th. The industrial products company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. The company had revenue of $133.18 million during 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, analysts forecast that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Megan A. Kendrick sold 3,500 shares of the stock in a transaction dated 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 transaction, the vice president owned 10,560 shares in the company, valued at $528,000. This trade represents a 24.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Aaron Wilkins sold 2,500 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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 represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,500 shares of company stock valued at $433,715. 3.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $60.00 price target 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.com, the stock presently has an average rating of “Hold” and an average 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.