NWPX Infrastructure, Inc. (NASDAQ:NWPX) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its holdings in NWPX Infrastructure by 14.1%, owning approximately 4.30% of the company, valued at $17.64 million after selling 70,260 shares in the first quarter.
• NWPX Infrastructure's stock price increased by 2.4%, reaching $42.27, with a market cap of $417.63 million and a P/E ratio of 12.93.
• The company reported earnings of $0.39 per share for the last quarter, falling short of the consensus estimate of $0.53, despite generating revenue of $116.12 million, exceeding analyst expectations.

Royce & Associates LP cut its stake in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 14.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 426,995 shares of the industrial products company's stock after selling 70,260 shares during the quarter. Royce & Associates LP owned approximately 4.30% of NWPX Infrastructure worth $17,635,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 acquiring an additional 43,659 shares in the last quarter. Geode Capital Management LLC raised its stake in NWPX Infrastructure by 0.4% during 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 acquiring an additional 801 shares in the last quarter. American Century Companies Inc. raised its stake in NWPX Infrastructure by 35.9% during the 4th quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company's stock valued at $10,496,000 after acquiring an additional 57,398 shares in the last quarter. Millennium Management LLC raised its stake in NWPX Infrastructure by 73.4% during the 4th 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 in the last quarter. Finally, Northern Trust Corp raised its stake in NWPX Infrastructure by 2.1% during the 4th quarter. Northern Trust Corp now owns 102,317 shares of the industrial products company's stock valued at $4,938,000 after acquiring an additional 2,142 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

NWPX Infrastructure Stock Performance

NWPX Infrastructure stock traded down $0.05 during mid-day trading on Monday, hitting $42.22. 5,577 shares of the company's stock traded hands, compared to its average volume of 69,716. The firm has a 50 day moving average price of $40.51 and a 200 day moving average price of $42.95. The company has a quick ratio of 2.76, a current ratio of 4.02 and a debt-to-equity ratio of 0.10. The company has a market cap of $417.13 million, a PE ratio of 12.91, a price-to-earnings-growth ratio of 2.87 and a beta of 0.91. NWPX Infrastructure, Inc. has a one year low of $35.86 and a one year high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.14). The business had revenue of $116.12 million for the quarter, compared to the consensus estimate of $111.92 million. NWPX Infrastructure had a net margin of 6.65% and a return on equity of 8.99%. On average, equities analysts forecast that NWPX Infrastructure, Inc. will post 3.32 EPS 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.