D. E. Shaw & Co. Inc. Buys 16,408 Shares of Northwest Pipe (NASDAQ:NWPX)

D. E. Shaw & Co. Inc. lifted its stake in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 59.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,159 shares of the industrial products company's stock after purchasing an additional 16,408 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.45% of Northwest Pipe worth $2,131,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Aquatic Capital Management LLC purchased a new position in Northwest Pipe during the 4th quarter valued at about $30,000. AlphaQuest LLC purchased a new position in Northwest Pipe during the fourth quarter valued at approximately $31,000. Tower Research Capital LLC TRC increased its holdings in Northwest Pipe by 33.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock worth $62,000 after acquiring an additional 319 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Northwest Pipe in the 4th quarter worth approximately $72,000. Finally, R Squared Ltd purchased a new stake in Northwest Pipe in the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Sidoti raised shares of Northwest Pipe to a "hold" rating in a report on Tuesday, February 25th.

Northwest Pipe Price Performance

Shares of NWPX traded down $0.12 during trading hours on Monday, reaching $39.83. 37,420 shares of the company's stock traded hands, compared to its average volume of 55,471. Northwest Pipe has a 12 month low of $32.04 and a 12 month high of $57.76. 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 price-to-earnings-growth ratio of 2.85 and a beta of 0.96. The firm's 50 day simple moving average is $40.93 and its 200-day simple moving average is $46.57.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). The company 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%. Equities analysts expect that Northwest Pipe will post 3.32 EPS for the current year.

Insider Buying and Selling

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $44.00, for a total transaction of $44,000.00. Following the sale, the chief financial officer now owns 23,467 shares in the company, valued at $1,032,548. This trade represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.

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.