Cubist Systematic Strategies LLC Reduces Holdings in Northwest Pipe (NASDAQ:NWPX)

Cubist Systematic Strategies LLC lessened its position in Northwest Pipe (NASDAQ:NWPX - Free Report) by 65.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,673 shares of the industrial products company's stock after selling 8,998 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Northwest Pipe were worth $226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Northwest Pipe 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 during the last quarter. American Century Companies Inc. boosted its holdings in shares of Northwest Pipe 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 last quarter. Northern Trust Corp raised its position in shares of Northwest Pipe by 2.1% in the 4th quarter. Northern Trust Corp now owns 102,317 shares of the industrial products company's stock worth $4,938,000 after buying an additional 2,142 shares during the period. Bridgeway Capital Management LLC raised its position in Northwest Pipe by 2.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 95,822 shares of the industrial products company's stock valued at $4,624,000 after purchasing an additional 2,170 shares during the period. Finally, Invesco Ltd. raised its position in Northwest Pipe by 10.9% in the fourth quarter. Invesco Ltd. now owns 74,218 shares of the industrial products company's stock valued at $3,582,000 after purchasing an additional 7,278 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

Northwest Pipe Stock Performance

Northwest Pipe stock traded down $0.12 on Friday, reaching $39.83. 37,420 shares of the stock were exchanged, compared to its average volume of 55,426. Northwest Pipe has a twelve month low of $32.04 and a twelve month high of $57.76. The firm has a fifty day moving average price of $41.01 and a two-hundred day moving average price of $46.75. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The stock has a market cap of $393.44 million, a PE ratio of 13.55, a PEG ratio of 2.85 and a beta of 0.96.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last announced 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 analyst estimates of $111.92 million. Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. Sell-side analysts anticipate that Northwest Pipe will post 3.32 EPS for the current year.

Insider Activity at Northwest Pipe

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the business's stock in a transaction dated 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 $1,032,548. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Sidoti upgraded Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th.

Northwest Pipe Company 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.