Advisors Asset Management Inc. Has $1.35 Million Stock Position in NWPX Infrastructure, Inc. $NWPX

Key Points

• Advisors Asset Management Inc. reduced its holdings in NWPX Infrastructure by 28.6%, owning approximately $1.35 million worth of the company's stock after selling 13,137 shares during the first quarter.
• NWPX Infrastructure recently traded up 3.3% to reach a price of $53.32 per share, following a strong earnings report that exceeded analyst expectations with $0.91 EPS for the quarter.
• Institutional investors control 80.63% of NWPX Infrastructure's stock, indicating strong backing from hedge funds and retirement systems, with significant recent movements in share ownership.

Advisors Asset Management Inc. decreased its holdings in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 28.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 32,779 shares of the industrial products company's stock after selling 13,137 shares during the period. Advisors Asset Management Inc. owned approximately 0.33% of NWPX Infrastructure worth $1,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NWPX. Tower Research Capital LLC TRC raised its position in shares of NWPX Infrastructure by 33.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 319 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of NWPX Infrastructure by 16.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,483 shares of the industrial products company's stock valued at $555,000 after acquiring an additional 1,626 shares during the last quarter. Northern Trust Corp increased its position in shares of NWPX Infrastructure by 2.1% in the 4th quarter. Northern Trust Corp now owns 102,317 shares of the industrial products company's stock valued at $4,938,000 after buying an additional 2,142 shares in the last quarter. Bank of America Corp DE increased its position in shares of NWPX Infrastructure by 20.6% in the 4th quarter. Bank of America Corp DE now owns 11,549 shares of the industrial products company's stock valued at $557,000 after buying an additional 1,975 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of NWPX Infrastructure by 59.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 44,159 shares of the industrial products company's stock valued at $2,131,000 after buying an additional 16,408 shares in the last quarter. Institutional investors own 80.63% of the company's stock.

Insider Transactions at NWPX Infrastructure

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 transaction of $175,000.00. Following the completion of the transaction, the vice president directly owned 10,560 shares in the company, valued at $528,000. This represents a 24.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aaron Wilkins sold 2,500 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $50.89, for a total transaction of $127,225.00. Following the transaction, the chief financial officer owned 27,262 shares of the company's stock, 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. Over the last 90 days, insiders have sold 8,500 shares of company stock valued at $433,715. Company insiders own 3.20% of the company's stock.

NWPX Infrastructure Stock Down 3.8%

NWPX stock traded down $2.05 during trading hours on Friday, reaching $51.27. 50,659 shares of the stock were exchanged, compared to its average volume of 53,825. The firm's 50-day moving average is $47.08 and its 200-day moving average is $42.96. The company has a market cap of $494.76 million, a price-to-earnings ratio of 15.44, a PEG ratio of 1.57 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.95 and a quick ratio of 2.81. NWPX Infrastructure, Inc. has a 12 month low of $36.97 and a 12 month high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last posted 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. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. The company had revenue of $133.18 million during the quarter, compared to the consensus estimate of $120.93 million. On average, equities research analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson set a $60.00 price objective on shares of NWPX Infrastructure in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, NWPX Infrastructure presently has a consensus rating of "Hold" and a consensus price target of $57.50.

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.