PDT Partners LLC Makes New Investment in NWPX Infrastructure, Inc. $NWPX

PDT Partners LLC acquired a new stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 17,812 shares of the industrial products company’s stock, valued at approximately $874,000.

A number of other institutional investors have also recently made changes to their positions in the company. Wexford Capital LP bought a new stake in shares of NWPX Infrastructure in the third quarter worth about $29,000. Simplex Trading LLC boosted its stake in NWPX Infrastructure by 193.9% during the fourth quarter. Simplex Trading LLC now owns 485 shares of the industrial products company’s stock valued at $30,000 after buying an additional 320 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in NWPX Infrastructure during the 2nd quarter valued at approximately $41,000. State of Wyoming purchased a new position in NWPX Infrastructure during the 2nd quarter valued at approximately $60,000. Finally, Kemnay Advisory Services Inc. bought a new stake in NWPX Infrastructure in the 4th quarter worth approximately $71,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

NWPX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NWPX Infrastructure in a research note on Wednesday, August 5th. JPMorgan Chase & Co. started coverage on NWPX Infrastructure in a research note on Wednesday, June 10th. They issued a “neutral” rating and a $130.00 price objective for the company. Finally, Wall Street Zen cut NWPX Infrastructure from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, NWPX Infrastructure has an average rating of “Moderate Buy” and a consensus price target of $110.00.

Insider Buying and Selling

In other news, CEO Scott J. Montross sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $115.13, for a total transaction of $287,825.00. Following the transaction, the chief executive officer directly owned 73,629 shares of the company’s stock, valued at approximately $8,476,906.77. This trade represents a 3.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Keith R. Larson sold 1,250 shares of NWPX Infrastructure stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $115.86, for a total transaction of $144,825.00. Following the sale, the director directly owned 21,133 shares of the company’s stock, valued at $2,448,469.38. This represents a 5.58% decrease in their position. 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 three months, insiders sold 9,178 shares of company stock valued at $1,102,410. Insiders own 3.30% of the company’s stock.

NWPX Infrastructure Price Performance

NWPX Infrastructure stock opened at $114.28 on Friday. The firm has a 50-day moving average price of $128.58 and a 200-day moving average price of $105.41. The firm has a market capitalization of $1.10 billion, a PE ratio of 22.90, a price-to-earnings-growth ratio of 1.88 and a beta of 1.09. The company has a current ratio of 2.71, a quick ratio of 1.94 and a debt-to-equity ratio of 0.02. NWPX Infrastructure, Inc. has a 12-month low of $49.25 and a 12-month high of $152.03.

NWPX Infrastructure (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 29th. The industrial products company reported $1.62 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.29. The firm had revenue of $159.48 million during the quarter, compared to analysts’ expectations of $154.70 million. NWPX Infrastructure had a net margin of 8.49% and a return on equity of 12.22%. As a group, equities research analysts forecast that NWPX Infrastructure, Inc. will post 5.43 EPS for the current year.

NWPX Infrastructure 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.