Northwest Pipe (NASDAQ:NWPX) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC raised its position in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 190.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,156 shares of the industrial products company's stock after acquiring an additional 9,939 shares during the quarter. Squarepoint Ops LLC owned approximately 0.15% of Northwest Pipe worth $731,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Aquatic Capital Management LLC acquired a new position in Northwest Pipe in the 4th quarter valued at $30,000. AlphaQuest LLC acquired a new stake in shares of Northwest Pipe in the fourth quarter valued at about $31,000. Point72 Asset Management L.P. purchased a new position in shares of Northwest Pipe in the fourth quarter worth about $53,000. Tower Research Capital LLC TRC boosted its position in 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 worth $62,000 after acquiring an additional 319 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Northwest Pipe during the fourth quarter worth about $72,000. Institutional investors and hedge funds own 80.63% of the company's stock.

Analyst Upgrades and Downgrades

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

Northwest Pipe Trading Down 0.1%

Shares of NWPX traded down $0.03 during midday trading on Wednesday, reaching $39.82. The company had a trading volume of 49,400 shares, compared to its average volume of 55,772. Northwest Pipe has a 1-year low of $32.04 and a 1-year high of $57.76. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. The firm has a 50 day simple moving average of $40.48 and a 200-day simple moving average of $46.03. The stock has a market cap of $393.34 million, a PE ratio of 13.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings data 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). Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. The firm had revenue of $116.12 million during the quarter, compared to analysts' expectations of $111.92 million. Research analysts forecast that Northwest Pipe will post 3.32 EPS for the current fiscal year.

Insider Activity

In related news, CFO Aaron Wilkins sold 1,000 shares of the company'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 value of $44,000.00. Following the transaction, the chief financial officer now directly owns 23,467 shares in the company, valued at approximately $1,032,548. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.