CenterBook Partners LP Buys New Position in NWPX Infrastructure, Inc. $NWPX

CenterBook Partners LP purchased a new position in NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,034 shares of the industrial products company’s stock, valued at approximately $1,643,000. CenterBook Partners LP owned approximately 0.32% of NWPX Infrastructure as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. AQR Capital Management LLC raised its position in shares of NWPX Infrastructure by 274.8% in the 1st quarter. AQR Capital Management LLC now owns 28,887 shares of the industrial products company’s stock valued at $1,193,000 after purchasing an additional 21,179 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of NWPX Infrastructure in the first quarter worth $224,000. Goldman Sachs Group Inc. lifted its stake in shares of NWPX Infrastructure by 17.2% during the first quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock worth $1,835,000 after buying an additional 6,510 shares during the period. Empowered Funds LLC increased its position in shares of NWPX Infrastructure by 5.6% in the 1st quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock valued at $1,998,000 after acquiring an additional 2,547 shares during the period. Finally, AlphaQuest LLC increased its position in shares of NWPX Infrastructure by 115.4% in the 2nd quarter. AlphaQuest LLC now owns 11,774 shares of the industrial products company’s stock valued at $483,000 after acquiring an additional 6,307 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

NWPX Infrastructure Price Performance

NASDAQ:NWPX opened at $73.64 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.60 and a quick ratio of 2.62. The company has a 50 day moving average price of $67.54 and a 200-day moving average price of $58.66. NWPX Infrastructure, Inc. has a 1-year low of $36.97 and a 1-year high of $77.43. The firm has a market cap of $707.68 million, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.72 and a beta of 0.96.

Analysts Set New Price Targets

A number of brokerages have commented on NWPX. Wall Street Zen raised NWPX Infrastructure from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings upgraded NWPX Infrastructure from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. DA Davidson upped their target price on NWPX Infrastructure from $60.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Northland Securities upgraded shares of NWPX Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, NWPX Infrastructure presently has a consensus rating of “Buy” and an average price target of $70.00.

Insider Transactions at NWPX Infrastructure

In other NWPX Infrastructure news, CFO Aaron Wilkins sold 1,241 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $60.10, for a total transaction of $74,584.10. Following the transaction, the chief financial officer owned 18,512 shares in the company, valued at approximately $1,112,571.20. This represents a 6.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Miles Brittain sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $56.41, for a total value of $225,640.00. Following the completion of the sale, the executive vice president directly owned 25,725 shares in the company, valued at approximately $1,451,147.25. The trade was a 13.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,791 shares of company stock valued at $933,782 in the last ninety days. 3.20% of the stock is currently owned by corporate insiders.

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.