PDT Partners LLC Invests $874,000 in NWPX Infrastructure, Inc. $NWPX

PDT Partners LLC purchased a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,812 shares of the industrial products company’s stock, valued at approximately $874,000. PDT Partners LLC owned approximately 0.18% of NWPX Infrastructure as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in 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 worth $1,193,000 after buying an additional 21,179 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of NWPX Infrastructure during the 1st quarter valued at about $224,000. Goldman Sachs Group Inc. boosted its holdings in shares of NWPX Infrastructure by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 44,427 shares of the industrial products company’s stock valued at $1,835,000 after acquiring an additional 6,510 shares during the last quarter. Empowered Funds LLC grew its stake in shares of NWPX Infrastructure by 5.6% in the first quarter. Empowered Funds LLC now owns 48,369 shares of the industrial products company’s stock worth $1,998,000 after acquiring an additional 2,547 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of NWPX Infrastructure by 3.7% in the second quarter. First Trust Advisors LP now owns 31,897 shares of the industrial products company’s stock worth $1,308,000 after acquiring an additional 1,127 shares during the period. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NWPX Infrastructure

In other NWPX Infrastructure news, Director Keith R. Larson sold 1,250 shares of the company’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 transaction, the director directly owned 21,133 shares in the company, valued at $2,448,469.38. This represents a 5.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Aaron Wilkins sold 428 shares of the stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $120.00, for a total transaction of $51,360.00. Following the sale, the chief financial officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 9,178 shares of company stock valued at $1,102,410. 3.30% of the stock is owned by company insiders.

NWPX Infrastructure Trading Up 1.7%

Shares of NWPX stock opened at $114.28 on Friday. NWPX Infrastructure, Inc. has a 52-week low of $49.25 and a 52-week high of $152.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.94 and a current ratio of 2.71. The firm has a market capitalization of $1.10 billion, a PE ratio of 22.90, a PEG ratio of 1.88 and a beta of 1.09. The stock has a fifty day simple moving average of $128.58 and a two-hundred day simple moving average of $105.41.

NWPX Infrastructure (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.33 by $0.29. The business had revenue of $159.48 million for the quarter, compared to the consensus estimate of $154.70 million. NWPX Infrastructure had a return on equity of 12.22% and a net margin of 8.49%. On average, analysts predict that NWPX Infrastructure, Inc. will post 5.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on NWPX. Weiss Ratings reissued a “buy (b)” rating on shares of NWPX Infrastructure in a report on Wednesday, August 5th. JPMorgan Chase & Co. assumed coverage on shares of NWPX Infrastructure in a research note on Wednesday, June 10th. They set 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 research note on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, NWPX Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.00.

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.