Two Sigma Advisers LP Buys 8,500 Shares of Northwest Pipe (NASDAQ:NWPX)

Two Sigma Advisers LP increased its holdings in Northwest Pipe (NASDAQ:NWPX - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,600 shares of the industrial products company's stock after purchasing an additional 8,500 shares during the quarter. Two Sigma Advisers LP owned 0.49% of Northwest Pipe worth $2,345,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new position in shares of Northwest Pipe during the fourth quarter valued at about $30,000. AlphaQuest LLC purchased a new stake in Northwest Pipe during the 4th quarter valued at about $31,000. Point72 Asset Management L.P. purchased a new stake in Northwest Pipe during the 4th quarter valued at about $53,000. Tower Research Capital LLC TRC grew its position in Northwest Pipe by 33.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock worth $62,000 after acquiring an additional 319 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in Northwest Pipe during the 4th quarter worth approximately $72,000. 80.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Northwest Pipe

In related news, CFO Aaron Wilkins sold 1,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $44.00, for a total value of $44,000.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.

Northwest Pipe Trading Down 0.2%

NWPX traded down $0.08 during trading on Monday, hitting $38.56. 72,158 shares of the stock traded hands, compared to its average volume of 55,759. The firm has a market capitalization of $380.90 million, a P/E ratio of 13.12, a price-to-earnings-growth 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 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 moving average of $40.53 and a 200 day moving average of $46.07.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.14). The firm had revenue of $116.12 million for 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%. Equities research analysts anticipate that Northwest Pipe will post 3.32 EPS for the current year.

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.