Jane Street Group LLC Has $648,000 Holdings in Northwest Pipe (NASDAQ:NWPX)

Jane Street Group LLC reduced its position in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 35.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,420 shares of the industrial products company's stock after selling 7,507 shares during the quarter. Jane Street Group LLC owned 0.14% of Northwest Pipe worth $648,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Aquatic Capital Management LLC purchased a new position in shares of Northwest Pipe during the 4th quarter valued at $30,000. AlphaQuest LLC acquired a new position in shares of Northwest Pipe during the fourth quarter valued at about $31,000. Tower Research Capital LLC TRC raised its position in shares of 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 buying an additional 319 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Northwest Pipe during the fourth quarter valued at about $72,000. Finally, R Squared Ltd acquired a new position in shares of Northwest Pipe during the fourth quarter valued at about $78,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Northwest Pipe Price Performance

Shares of NWPX stock traded down $0.61 during trading hours on Friday, hitting $38.76. The company had a trading volume of 39,941 shares, compared to its average volume of 55,698. Northwest Pipe has a 12 month low of $32.04 and a 12 month high of $57.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The firm's fifty day moving average is $40.62 and its 200 day moving average is $46.22. The firm has a market capitalization of $382.87 million, a price-to-earnings ratio of 13.18, a PEG ratio of 2.85 and a beta of 0.96.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last posted 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 firm 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 6.12% and a return on equity of 8.47%. On average, sell-side analysts predict that Northwest Pipe will post 3.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $44.00, for a total value of $44,000.00. Following the transaction, the chief financial officer now owns 23,467 shares of the company's stock, valued at approximately $1,032,548. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is owned by corporate 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.