Advisors Asset Management Inc. Sells 13,137 Shares of NWPX Infrastructure, Inc. $NWPX

Advisors Asset Management Inc. cut its stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 28.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,779 shares of the industrial products company's stock after selling 13,137 shares during the quarter. Advisors Asset Management Inc. owned 0.33% of NWPX Infrastructure worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of NWPX Infrastructure by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,713 shares of the industrial products company's stock valued at $39,029,000 after purchasing an additional 43,659 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of NWPX Infrastructure by 1.7% during the first quarter. Vanguard Group Inc. now owns 527,668 shares of the industrial products company's stock valued at $21,793,000 after acquiring an additional 8,837 shares during the last quarter. First Wilshire Securities Management Inc. raised its stake in shares of NWPX Infrastructure by 14.2% during the first quarter. First Wilshire Securities Management Inc. now owns 325,602 shares of the industrial products company's stock valued at $13,447,000 after acquiring an additional 40,448 shares during the last quarter. American Century Companies Inc. raised its stake in shares of NWPX Infrastructure by 10.4% during the first quarter. American Century Companies Inc. now owns 240,172 shares of the industrial products company's stock valued at $9,919,000 after acquiring an additional 22,693 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of NWPX Infrastructure by 73.4% during the fourth quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company's stock valued at $5,636,000 after acquiring an additional 49,446 shares during the last quarter. 80.63% of the stock is owned by institutional investors.

Insider Buying and Selling at NWPX Infrastructure

In other NWPX Infrastructure news, VP Megan A. Kendrick sold 3,500 shares of NWPX Infrastructure stock in a transaction on 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 sale, the vice president directly owned 10,560 shares of the company's stock, valued at approximately $528,000. The trade was a 24.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aaron Wilkins sold 2,000 shares of NWPX Infrastructure stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $52.24, for a total transaction of $104,480.00. Following the completion of the sale, the chief financial officer directly owned 24,762 shares of the company's stock, valued at approximately $1,293,566.88. This trade represents a 7.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,500 shares of company stock valued at $433,715. Insiders own 3.20% of the company's stock.

NWPX Infrastructure Trading Down 0.1%

NASDAQ:NWPX opened at $52.12 on Tuesday. The firm's fifty day moving average is $46.34 and its 200-day moving average is $42.81. 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 52 week low of $36.97 and a 52 week high of $57.76. The firm has a market cap of $503.17 million, a P/E ratio of 15.70, a P/E/G ratio of 1.54 and a beta of 0.91.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $120.93 million. Equities analysts expect that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

Analyst Ratings Changes

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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $57.50.

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.

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