Royce & Associates LP Cuts Stake in NWPX Infrastructure, Inc. (NASDAQ:NWPX)

Royce & Associates LP decreased its position in NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 14.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 4.30% of NWPX Infrastructure worth $17,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NWPX. Aquatic Capital Management LLC purchased a new position in NWPX Infrastructure during the 4th quarter valued at about $30,000. New York State Teachers Retirement System purchased a new stake in shares of NWPX Infrastructure during the first quarter worth approximately $37,000. Point72 Asset Management L.P. purchased a new stake in shares of NWPX Infrastructure in the fourth quarter valued at approximately $53,000. Tower Research Capital LLC TRC grew its stake in shares of 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 valued at $62,000 after buying an additional 319 shares during the period. Finally, Byrne Asset Management LLC boosted its stake in NWPX Infrastructure by 62.2% during the first quarter. Byrne Asset Management LLC now owns 2,401 shares of the industrial products company's stock worth $99,000 after buying an additional 921 shares during the period. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

NWPX Infrastructure Trading Up 2.4%

NASDAQ NWPX traded up $1.00 during trading on Friday, hitting $42.27. The stock had a trading volume of 44,076 shares, compared to its average volume of 68,133. The company has a market capitalization of $417.63 million, a PE ratio of 12.93, a PEG ratio of 2.80 and a beta of 0.91. The company has a quick ratio of 2.76, a current ratio of 4.02 and a debt-to-equity ratio of 0.10. NWPX Infrastructure, Inc. has a twelve month low of $35.86 and a twelve month high of $57.76. The firm has a 50 day moving average price of $40.51 and a 200 day moving average price of $43.00.

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