Two Sigma Investments LP Buys 7,593 Shares of Northwest Pipe (NASDAQ:NWPX)

Two Sigma Investments LP lifted its holdings in Northwest Pipe (NASDAQ:NWPX - Free Report) by 27.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,297 shares of the industrial products company's stock after buying an additional 7,593 shares during the period. Two Sigma Investments LP owned approximately 0.36% of Northwest Pipe worth $1,703,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Two Sigma Advisers LP increased its position in shares of Northwest Pipe by 21.2% during the fourth quarter. Two Sigma Advisers LP now owns 48,600 shares of the industrial products company's stock valued at $2,345,000 after acquiring an additional 8,500 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Northwest Pipe in the 4th quarter valued at $53,000. Millennium Management LLC increased its position in shares of Northwest Pipe by 73.4% during the 4th quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company's stock valued at $5,636,000 after purchasing an additional 49,446 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Northwest Pipe by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,713 shares of the industrial products company's stock valued at $39,029,000 after purchasing an additional 43,659 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Northwest Pipe by 433.2% during the 4th quarter. Lazard Asset Management LLC now owns 14,939 shares of the industrial products company's stock worth $720,000 after purchasing an additional 12,137 shares during the period. 80.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

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 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 approximately $1,032,548. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.30% of the company's stock.

Northwest Pipe Stock Performance

Shares of NWPX stock traded up $0.23 during trading hours on Friday, hitting $39.58. 36,710 shares of the company were exchanged, compared to its average volume of 56,021. The firm has a fifty day simple moving average of $40.36 and a 200 day simple moving average of $45.79. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 52-week low of $32.04 and a 52-week high of $57.76. The stock has a market capitalization of $390.97 million, a price-to-earnings ratio of 13.46, a P/E/G ratio of 2.85 and a beta of 0.90.

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 for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $111.92 million. Research analysts predict that Northwest Pipe will post 3.32 earnings per share for the current fiscal year.

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.