Millennium Management LLC Buys 49,446 Shares of Northwest Pipe (NASDAQ:NWPX)

Millennium Management LLC boosted its position in Northwest Pipe (NASDAQ:NWPX - Free Report) by 73.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,792 shares of the industrial products company's stock after buying an additional 49,446 shares during the quarter. Millennium Management LLC owned approximately 1.18% of Northwest Pipe worth $5,636,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of NWPX. SG Americas Securities LLC raised its holdings in shares of Northwest Pipe by 33.8% in the fourth quarter. SG Americas Securities LLC now owns 4,908 shares of the industrial products company's stock valued at $237,000 after purchasing an additional 1,241 shares during the last quarter. R Squared Ltd acquired a new stake in Northwest Pipe in the 4th quarter valued at $78,000. Synergy Asset Management LLC bought a new stake in Northwest Pipe during the 4th quarter worth about $121,000. Empowered Funds LLC lifted its position in Northwest Pipe by 5.0% during the 4th quarter. Empowered Funds LLC now owns 45,822 shares of the industrial products company's stock worth $2,211,000 after buying an additional 2,170 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Northwest Pipe by 4.9% during the 4th quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company's stock worth $732,000 after buying an additional 713 shares during the last quarter. Institutional investors own 80.63% of the company's stock.

Insider Buying and Selling

In related news, CFO Aaron Wilkins sold 1,000 shares of Northwest Pipe 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 transaction, the chief financial officer now owns 23,467 shares in the company, valued at approximately $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 accessible through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Northwest Pipe Stock Up 0.2%

Shares of NASDAQ:NWPX traded up $0.07 during midday trading on Thursday, hitting $39.37. The stock had a trading volume of 35,675 shares, compared to its average volume of 55,495. The company has a market cap of $388.90 million, a P/E ratio of 13.39, a PEG ratio of 2.85 and a beta of 0.96. Northwest Pipe has a 12 month low of $32.04 and a 12 month high of $57.76. The business's 50-day simple moving average is $40.71 and its 200-day simple moving average is $46.37. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings data 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 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 forecast that Northwest Pipe will post 3.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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