Victory Capital Management Inc. Has $1.63 Million Stock Holdings in NWPX Infrastructure, Inc. (NASDAQ:NWPX)

Key Points

• Victory Capital Management Inc. reduced its stake in NWPX Infrastructure, Inc. by 25.2%, selling 13,265 shares and holding 39,421 shares at a value of $1,628,000.
• Other institutional investors such as Allworth Financial LP and Byrne Asset Management LLC made significant adjustments to their positions in NWPX, with Allworth increasing their stake by 45.3%.
• NWPX Infrastructure reported a net margin of 6.65% and revenue of $116.12 million, though it missed EPS estimates, reporting $0.39 per share against the expected $0.53.

Victory Capital Management Inc. trimmed its holdings in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX - Free Report) by 25.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,421 shares of the industrial products company's stock after selling 13,265 shares during the quarter. Victory Capital Management Inc. owned 0.40% of NWPX Infrastructure worth $1,628,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NWPX Infrastructure by 5.7% in 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 purchasing an additional 43,659 shares in the last quarter. Geode Capital Management LLC boosted its holdings in NWPX Infrastructure by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company's stock worth $10,814,000 after purchasing an additional 801 shares during the period. American Century Companies Inc. raised its holdings in shares of NWPX Infrastructure by 35.9% during the fourth quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company's stock worth $10,496,000 after purchasing an additional 57,398 shares during the period. Millennium Management LLC lifted its position in shares of NWPX Infrastructure by 73.4% in the 4th quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company's stock worth $5,636,000 after buying an additional 49,446 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of NWPX Infrastructure by 2.1% in the 4th quarter. Northern Trust Corp now owns 102,317 shares of the industrial products company's stock valued at $4,938,000 after buying an additional 2,142 shares during the period. Institutional investors and hedge funds own 80.63% of the company's stock.

NWPX Infrastructure Stock Performance

NASDAQ NWPX traded down $1.24 during trading hours on Friday, reaching $40.54. The company's stock had a trading volume of 64,940 shares, compared to its average volume of 70,021. The company has a current ratio of 4.02, a quick ratio of 2.76 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of $40.70 and a 200 day simple moving average of $42.91. The stock has a market cap of $400.54 million, a PE ratio of 12.40, a PEG ratio of 2.96 and a beta of 0.91. NWPX Infrastructure, Inc. has a 52 week low of $35.86 and a 52 week high of $57.76.

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