American Century Companies Inc. Purchases 22,693 Shares of NWPX Infrastructure, Inc. $NWPX

Key Points

• American Century Companies Inc. increased its stake in NWPX Infrastructure, Inc. by 10.4% during the first quarter, owning approximately 240,172 shares worth $9.9 million.
• The stock has attracted attention from several hedge funds, with 80.63% of shares owned by institutional investors as of recent reports.
• NWPX Infrastructure reported $0.91 EPS for the last quarter, surpassing the estimated $0.72, and had a revenue of $133.18 million against the expected $120.93 million.

American Century Companies Inc. boosted its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 10.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 240,172 shares of the industrial products company's stock after buying an additional 22,693 shares during the period. American Century Companies Inc. owned approximately 2.43% of NWPX Infrastructure worth $9,919,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in shares of NWPX Infrastructure in the 1st quarter valued at approximately $37,000. SG Americas Securities LLC boosted its position in NWPX Infrastructure by 54.3% during the 1st quarter. SG Americas Securities LLC now owns 7,571 shares of the industrial products company's stock worth $313,000 after buying an additional 2,663 shares during the period. Assenagon Asset Management S.A. boosted its position in NWPX Infrastructure by 9.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 53,875 shares of the industrial products company's stock worth $2,225,000 after buying an additional 4,509 shares during the period. Two Sigma Investments LP boosted its position in NWPX Infrastructure by 27.4% during the 4th quarter. Two Sigma Investments LP now owns 35,297 shares of the industrial products company's stock worth $1,703,000 after buying an additional 7,593 shares during the period. Finally, GAMMA Investing LLC boosted its position in NWPX Infrastructure by 3,930.5% during the 1st quarter. GAMMA Investing LLC now owns 31,801 shares of the industrial products company's stock worth $1,313,000 after buying an additional 31,012 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, DA Davidson set a $60.00 target price on shares of NWPX Infrastructure in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $57.50.

Insider Transactions at NWPX Infrastructure

In other news, VP Megan A. Kendrick sold 3,500 shares of NWPX Infrastructure 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 trade represents a 24.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aaron Wilkins sold 2,500 shares of NWPX Infrastructure stock in a transaction dated Friday, August 22nd. The shares were 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 $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. 3.20% of the stock is owned by company insiders.

NWPX Infrastructure Trading Down 1.9%

Shares of NASDAQ:NWPX traded down $1.01 during mid-day trading on Friday, hitting $52.96. The company had a trading volume of 73,132 shares, compared to its average volume of 66,739. The firm has a fifty day moving average price of $44.97 and a 200 day moving average price of $42.83. The company has a market capitalization of $511.06 million, a PE ratio of 15.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. 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 one year low of $36.97 and a one year high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The industrial products company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. The company had revenue of $133.18 million during the quarter, compared to analyst estimates of $120.93 million. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. As a group, research analysts forecast that NWPX Infrastructure, Inc. will post 3.32 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.