Jane Street Group LLC Sells 7,507 Shares of Northwest Pipe (NASDAQ:NWPX)

Jane Street Group LLC lowered its stake in Northwest Pipe (NASDAQ:NWPX - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,420 shares of the industrial products company's stock after selling 7,507 shares during the quarter. Jane Street Group LLC owned approximately 0.14% of Northwest Pipe worth $648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. 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 acquiring an additional 57,398 shares during the period. Renaissance Technologies LLC lifted its stake in Northwest Pipe by 198.1% during the fourth quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company's stock worth $1,554,000 after purchasing an additional 21,400 shares during the last quarter. Illumine Investment Management LLC bought a new stake in Northwest Pipe during the fourth quarter worth $833,000. JPMorgan Chase & Co. increased its holdings in shares of Northwest Pipe by 27.8% during the fourth quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company's stock worth $3,478,000 after buying an additional 15,690 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in 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 purchasing an additional 14,933 shares during the period. Institutional investors and hedge funds own 80.63% of the company's stock.

Insider Activity at Northwest Pipe

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of Northwest Pipe 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 transaction, the chief financial officer now owns 23,467 shares of the company's stock, valued at $1,032,548. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is owned by insiders.

Northwest Pipe Stock Up 0.2%

Shares of NWPX traded up $0.07 during trading hours on Thursday, hitting $39.37. The stock had a trading volume of 35,675 shares, compared to its average volume of 55,383. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. The firm has a 50 day simple moving average of $40.80 and a 200-day simple moving average of $46.48. The firm has a market capitalization of $388.90 million, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. Northwest Pipe has a 1-year low of $32.04 and a 1-year high of $57.76.

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 for the quarter, missing the consensus estimate of $0.53 by ($0.14). Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. The business had revenue of $116.12 million during the quarter, compared to the consensus estimate of $111.92 million. Sell-side analysts predict that Northwest Pipe will post 3.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Sidoti upgraded Northwest Pipe to a "hold" rating in a research note 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.