Squarepoint Ops LLC Has $731,000 Stock Position in Northwest Pipe (NASDAQ:NWPX)

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

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

Insider Transactions at Northwest Pipe

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

Northwest Pipe Trading Up 0.6%

Shares of NWPX traded up $0.23 during mid-day trading on Friday, reaching $39.58. 36,710 shares of the company were exchanged, compared to its average volume of 56,021. The business has a 50 day simple moving average of $40.36 and a two-hundred day simple moving average of $45.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The stock has a market capitalization of $390.97 million, a PE ratio of 13.46, a PEG ratio of 2.85 and a beta of 0.90. Northwest Pipe has a 52 week low of $32.04 and a 52 week high of $57.76.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). The firm had revenue of $116.12 million for the quarter, compared to analyst estimates of $111.92 million. Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. On average, analysts predict that Northwest Pipe will post 3.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Sidoti raised shares of Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th.

Northwest Pipe Profile

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.