GAMMA Investing LLC Has $1.31 Million Stock Position in Northwest Pipe Company (NASDAQ:NWPX)

GAMMA Investing LLC grew its holdings in shares of Northwest Pipe Company (NASDAQ:NWPX - Free Report) by 3,930.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 31,801 shares of the industrial products company's stock after acquiring an additional 31,012 shares during the quarter. GAMMA Investing LLC owned about 0.32% of Northwest Pipe worth $1,313,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NWPX. Rhumbline Advisers lifted its holdings in Northwest Pipe by 4.9% in the fourth quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company's stock worth $732,000 after purchasing an additional 713 shares during the period. Allworth Financial LP boosted its holdings in shares of Northwest Pipe by 64,926.1% in the fourth quarter. Allworth Financial LP now owns 14,956 shares of the industrial products company's stock valued at $746,000 after acquiring an additional 14,933 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Northwest Pipe in the fourth quarter valued at approximately $381,000. Illumine Investment Management LLC acquired a new position in shares of Northwest Pipe during the fourth quarter valued at approximately $833,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Northwest Pipe during the fourth quarter worth approximately $72,000. Institutional investors own 80.63% of the company's stock.

Northwest Pipe Price Performance

Shares of NASDAQ NWPX traded up $0.05 during midday trading on Thursday, reaching $38.66. The company's stock had a trading volume of 44,454 shares, compared to its average volume of 56,413. Northwest Pipe Company has a one year low of $32.04 and a one year high of $57.76. The company has a market cap of $381.96 million, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 2.62 and a beta of 0.90. The company has a 50 day moving average price of $40.09 and a 200 day moving average price of $44.87. The company has a current ratio of 4.02, a quick ratio of 2.76 and a debt-to-equity ratio of 0.10.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last posted 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 company had revenue of $116.12 million during the quarter, compared to the consensus estimate of $111.92 million. Northwest Pipe had a net margin of 6.65% and a return on equity of 8.99%. On average, equities research analysts expect that Northwest Pipe Company will post 3.32 EPS for the current year.

Insider Activity

In other news, CFO Aaron Wilkins sold 1,000 shares of the business'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 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. 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 can be accessed through the SEC website. 3.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Northwest Pipe 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.