MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $23.79 Million Holdings in NWPX Infrastructure, Inc. $NWPX

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in NWPX Infrastructure by 28.8%, owning approximately 5.83% of the company's shares, worth about $23.79 million after selling 232,712 shares.
• Insider selling occurred, with VP Megan A. Kendrick and CFO Aaron Wilkins selling 3,500 and 2,500 shares, respectively, reflecting 24.89% and 8.40% decreases in their holdings.
• NWPX Infrastructure reported earnings per share of $0.91 for the last quarter, exceeding estimates of $0.72, with a revenue of $133.18 million compared to forecasted revenues of $120.93 million.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 28.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 576,001 shares of the industrial products company's stock after selling 232,712 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 5.83% of NWPX Infrastructure worth $23,789,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NWPX. New York State Teachers Retirement System bought a new position in NWPX Infrastructure during the first quarter worth $37,000. Point72 Asset Management L.P. acquired a new stake in NWPX Infrastructure in the 4th quarter worth $53,000. Tower Research Capital LLC TRC grew its position in NWPX Infrastructure by 33.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock worth $62,000 after purchasing an additional 319 shares during the last quarter. Byrne Asset Management LLC grew its position in NWPX Infrastructure by 62.2% in the 1st quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock worth $99,000 after purchasing an additional 921 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new stake in NWPX Infrastructure in the 1st quarter worth $220,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

NWPX Infrastructure Price Performance

Shares of NWPX traded down $2.05 during trading hours on Friday, hitting $51.27. The stock had a trading volume of 50,659 shares, compared to its average volume of 53,825. The company's fifty day moving average is $47.08 and its two-hundred day moving average is $42.96. 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 52 week low of $36.97 and a 52 week high of $57.76. The stock has a market capitalization of $494.76 million, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.57 and a beta of 0.91.

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 for the quarter, topping the consensus estimate of $0.72 by $0.19. NWPX Infrastructure had a net margin of 6.69% and a return on equity of 8.93%. The business had revenue of $133.18 million for the quarter, compared to analyst estimates of $120.93 million. On average, analysts anticipate that NWPX Infrastructure, Inc. will post 3.32 EPS for the current year.

Insider Activity

In related news, VP Megan A. Kendrick sold 3,500 shares of the company's 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 transaction, the vice president owned 10,560 shares in the company, valued at $528,000. This represents a 24.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aaron Wilkins sold 2,500 shares of the company's 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 in the company, valued at approximately $1,387,363.18. This trade represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,500 shares of company stock worth $433,715. 3.20% of the stock is owned by corporate insiders.

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.