Corton Capital Inc. Purchases Shares of 7,006 Northwest Pipe (NASDAQ:NWPX)

Corton Capital Inc. purchased a new stake in Northwest Pipe (NASDAQ:NWPX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,006 shares of the industrial products company's stock, valued at approximately $338,000. Corton Capital Inc. owned about 0.07% of Northwest Pipe at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Aquatic Capital Management LLC acquired a new position in Northwest Pipe during the 4th quarter worth approximately $30,000. AlphaQuest LLC bought a new position in Northwest Pipe during the fourth quarter valued at $31,000. Tower Research Capital LLC TRC grew its holdings in Northwest Pipe by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 319 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Northwest Pipe in the fourth quarter worth $72,000. Finally, R Squared Ltd bought a new position in shares of Northwest Pipe in the fourth quarter worth $78,000. Institutional investors own 80.63% of the company's stock.

Northwest Pipe Stock Up 2.4%

NWPX stock traded up $0.93 during trading on Monday, hitting $39.28. 11,957 shares of the company's stock traded hands, compared to its average volume of 77,331. The firm has a market capitalization of $387.96 million, a P/E ratio of 13.36, a PEG ratio of 2.85 and a beta of 0.96. The business has a fifty day simple moving average of $41.18 and a two-hundred day simple moving average of $47.18. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 1 year low of $32.04 and a 1 year high of $57.76.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $111.92 million. Northwest Pipe had a return on equity of 8.47% and a net margin of 6.12%. Sell-side analysts anticipate that Northwest Pipe will post 3.32 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Sidoti upgraded Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th.

Insider Buying and Selling

In other news, CFO Aaron Wilkins sold 1,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $44.00, for a total value of $44,000.00. Following the transaction, the chief financial officer now directly owns 23,467 shares in the company, valued at approximately $1,032,548. This represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.30% of the company's stock.

About Northwest Pipe

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.