MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $23.79 Million Position 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. reduced its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 28.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 576,001 shares of the industrial products company's stock after selling 232,712 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 5.83% of NWPX Infrastructure worth $23,789,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. New York State Teachers Retirement System bought a new position in NWPX Infrastructure in the first quarter valued at $37,000. SG Americas Securities LLC grew its position in NWPX Infrastructure by 54.3% in the first quarter. SG Americas Securities LLC now owns 7,571 shares of the industrial products company's stock valued at $313,000 after purchasing an additional 2,663 shares in the last quarter. Assenagon Asset Management S.A. grew its position in NWPX Infrastructure by 9.1% in the first quarter. Assenagon Asset Management S.A. now owns 53,875 shares of the industrial products company's stock valued at $2,225,000 after purchasing an additional 4,509 shares in the last quarter. Two Sigma Investments LP grew its position in NWPX Infrastructure by 27.4% in the fourth quarter. Two Sigma Investments LP now owns 35,297 shares of the industrial products company's stock valued at $1,703,000 after purchasing an additional 7,593 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in NWPX Infrastructure by 3,930.5% during the first quarter. GAMMA Investing LLC now owns 31,801 shares of the industrial products company's stock valued at $1,313,000 after purchasing an additional 31,012 shares during the last quarter. Institutional investors own 80.63% of the company's stock.

Insider Buying and Selling

In related news, VP Megan A. Kendrick sold 3,500 shares of the firm'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 directly owned 10,560 shares of the company's stock, valued at approximately $528,000. This trade represents a 24.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aaron Wilkins sold 2,500 shares of the firm'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 directly owned 27,262 shares in the company, 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. 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.

Analyst Ratings Changes

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

NWPX Infrastructure Stock Performance

Shares of NASDAQ NWPX opened at $52.16 on Monday. The stock has a 50 day moving average price of $46.12 and a 200 day moving average price of $42.78. NWPX Infrastructure, Inc. has a 52 week low of $36.97 and a 52 week 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. The stock has a market capitalization of $503.34 million, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.54 and a beta of 0.91.

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 (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. The firm had revenue of $133.18 million for the quarter, compared to analyst estimates of $120.93 million. NWPX Infrastructure had a return on equity of 8.93% and a net margin of 6.69%. Analysts predict that NWPX Infrastructure, Inc. will post 3.32 earnings per share for the current fiscal year.

NWPX Infrastructure Company 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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