NWPX Infrastructure, Inc. $NWPX Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its stake in NWPX Infrastructure by 65.2%, selling 12,651 shares to end up with 6,759 shares valued at approximately $279,000.
• NWPX Infrastructure reported a quarterly EPS of $0.91, exceeding analysts' expectations of $0.72, with a revenue of $133.18 million against the anticipated $120.93 million.
• The stock price of NWPX Infrastructure decreased by 1.1%, opening at $51.07, while institutional investors hold around 80.63% of the company's shares.

Connor Clark & Lunn Investment Management Ltd. trimmed its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 65.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,759 shares of the industrial products company's stock after selling 12,651 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of NWPX Infrastructure worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWPX. Geode Capital Management LLC lifted its holdings in NWPX Infrastructure by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company's stock valued at $10,814,000 after purchasing an additional 801 shares in the last quarter. Invesco Ltd. increased its stake in shares of NWPX Infrastructure by 10.9% during the 4th quarter. Invesco Ltd. now owns 74,218 shares of the industrial products company's stock valued at $3,582,000 after acquiring an additional 7,278 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of NWPX Infrastructure by 198.1% during the 4th quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company's stock valued at $1,554,000 after acquiring an additional 21,400 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of NWPX Infrastructure during the 4th quarter valued at about $322,000. Finally, Barclays PLC increased its stake in shares of NWPX Infrastructure by 13.0% during the 4th quarter. Barclays PLC now owns 14,695 shares of the industrial products company's stock valued at $709,000 after acquiring an additional 1,694 shares during the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CFO Aaron Wilkins sold 2,500 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $50.89, for a total transaction of $127,225.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Megan A. Kendrick sold 3,500 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $50.00, for a total transaction of $175,000.00. Following the sale, the vice president directly owned 10,560 shares of the company's stock, valued at approximately $528,000. This trade represents a 24.89% decrease in their position. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.

NWPX Infrastructure Trading Up 1.2%

NWPX traded up $0.63 on Tuesday, reaching $52.85. 50,265 shares of the company's stock were exchanged, compared to its average volume of 70,866. The company's 50 day moving average is $44.08 and its 200-day moving average is $42.78. The company has a market cap of $510.00 million, a price-to-earnings ratio of 15.92, a PEG ratio of 1.54 and a beta of 0.93. NWPX Infrastructure, Inc. has a twelve month low of $36.97 and a twelve month high of $57.76. 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 (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Thursday, August 7th. The industrial products company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. The firm had revenue of $133.18 million during the quarter, compared to the consensus estimate of $120.93 million. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. Equities analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current year.

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.