Northwest Pipe (NASDAQ:NWPX) Shares Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in Northwest Pipe (NASDAQ:NWPX - Free Report) by 21.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,600 shares of the industrial products company's stock after buying an additional 8,500 shares during the quarter. Two Sigma Advisers LP owned about 0.49% of Northwest Pipe worth $2,345,000 at the end of the most recent quarter.

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

Northwest Pipe Stock Down 0.4%

NASDAQ:NWPX traded down $0.14 during midday trading on Monday, hitting $38.50. 5,646 shares of the company were exchanged, compared to its average volume of 55,502. Northwest Pipe has a fifty-two week low of $32.04 and a fifty-two week high of $57.76. The company has a market capitalization of $380.30 million, a PE ratio of 13.09, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. 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 fifty day simple moving average of $40.62 and a 200 day simple moving average of $46.17.

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 business had revenue of $116.12 million for the quarter, compared to analysts' expectations of $111.92 million. Northwest Pipe had a return on equity of 8.47% and a net margin of 6.12%. As a group, equities analysts anticipate that Northwest Pipe will post 3.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other news, CFO Aaron Wilkins sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $44.00, for a total transaction of $44,000.00. Following the sale, the chief financial officer now owns 23,467 shares of the company's stock, valued at $1,032,548. The trade was a 4.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.30% of the company's stock.

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.