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

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

A number of other large investors have also recently bought and sold shares of NWPX. Squarepoint Ops LLC boosted its stake in shares of Northwest Pipe by 190.5% in the 4th quarter. Squarepoint Ops LLC now owns 15,156 shares of the industrial products company's stock valued at $731,000 after purchasing an additional 9,939 shares in the last quarter. Two Sigma Investments LP boosted its position in Northwest Pipe by 27.4% in the fourth quarter. Two Sigma Investments LP now owns 35,297 shares of the industrial products company's stock valued at $1,703,000 after buying an additional 7,593 shares in the last quarter. Two Sigma Advisers LP boosted its position in Northwest Pipe by 21.2% in the fourth quarter. Two Sigma Advisers LP now owns 48,600 shares of the industrial products company's stock valued at $2,345,000 after buying an additional 8,500 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Northwest Pipe during the fourth quarter worth about $53,000. Finally, Millennium Management LLC increased its holdings in shares of Northwest Pipe by 73.4% during the fourth quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company's stock worth $5,636,000 after buying an additional 49,446 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

Insider Activity

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 stock was sold at an average price of $44.00, for a total transaction of $44,000.00. Following the completion of the sale, the chief financial officer now directly owns 23,467 shares of the company's stock, valued at approximately $1,032,548. The trade was a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.

Northwest Pipe Price Performance

NASDAQ NWPX traded up $0.01 on Monday, hitting $38.80. 41,543 shares of the company were exchanged, compared to its average volume of 56,360. Northwest Pipe has a 1-year low of $32.04 and a 1-year high of $57.76. The firm has a 50 day moving average of $40.25 and a two-hundred day moving average of $45.07. 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 company has a market cap of $383.27 million, a P/E ratio of 13.20, a P/E/G ratio of 2.85 and a beta of 0.90.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last announced its earnings results 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). The company had revenue of $116.12 million for the quarter, compared to analyst estimates of $111.92 million. Northwest Pipe had a return on equity of 8.47% and a net margin of 6.12%. On average, equities analysts predict that Northwest Pipe will post 3.32 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.