Victory Capital Management Inc. Sells 13,265 Shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX)

Victory Capital Management Inc. reduced its position in shares of NWPX Infrastructure, Inc. (NASDAQ:NWPX) by 25.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,421 shares of the industrial products company’s stock after selling 13,265 shares during the period. Victory Capital Management Inc. owned about 0.40% of NWPX Infrastructure worth $1,628,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its position in shares of NWPX Infrastructure by 45.3% during the 1st quarter. Allworth Financial LP now owns 21,734 shares of the industrial products company’s stock worth $918,000 after buying an additional 6,778 shares during the period. Bank of New York Mellon Corp grew its position in shares of NWPX Infrastructure by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 42,670 shares of the industrial products company’s stock worth $1,762,000 after buying an additional 1,076 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of NWPX Infrastructure during the 1st quarter worth approximately $37,000. Illumine Investment Management LLC grew its position in shares of NWPX Infrastructure by 2.7% during the 1st quarter. Illumine Investment Management LLC now owns 17,734 shares of the industrial products company’s stock worth $732,000 after buying an additional 471 shares during the period. Finally, Byrne Asset Management LLC grew its position in shares of NWPX Infrastructure by 62.2% during the 1st 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 owned by institutional investors.

NWPX Infrastructure Stock Up 1.5%

Shares of NASDAQ NWPX opened at $43.10 on Wednesday. The stock has a market cap of $425.74 million, a P/E ratio of 13.18, a P/E/G ratio of 2.89 and a beta of 0.91. The firm has a 50 day moving average price of $40.60 and a 200 day moving average price of $42.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.76 and a current ratio of 4.02. NWPX Infrastructure, Inc. has a 52-week low of $35.86 and a 52-week high of $57.76.

NWPX Infrastructure (NASDAQ:NWPX) last issued its quarterly earnings data 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). NWPX Infrastructure had a net margin of 6.65% and a return on equity of 8.99%. The firm had revenue of $116.12 million for the quarter, compared to analyst estimates of $111.92 million. Analysts expect 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.