Two Sigma Investments LP lifted its position in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 27.4% in the 4th quarter, according to its most recent 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 quarter. Two Sigma Investments LP owned approximately 0.36% of Northwest Pipe worth $1,703,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Northwest Pipe during the 4th quarter worth $381,000. Renaissance Technologies LLC raised its stake in shares of Northwest Pipe by 198.1% during the 4th quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company's stock worth $1,554,000 after buying an additional 21,400 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of Northwest Pipe during the 4th quarter worth $31,000. Rhumbline Advisers raised its stake in shares of Northwest Pipe by 4.9% during the 4th quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company's stock worth $732,000 after buying an additional 713 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Northwest Pipe during the 4th quarter worth $549,000. Institutional investors and hedge funds own 80.63% of the company's stock.
Northwest Pipe Price Performance
Northwest Pipe stock traded down $0.03 during midday trading on Wednesday, reaching $39.82. 49,400 shares of the company were exchanged, compared to its average volume of 55,772. The company has a market capitalization of $393.34 million, a price-to-earnings ratio of 13.54, a P/E/G ratio of 2.85 and a beta of 0.96. The firm's 50-day simple moving average is $40.48 and its 200-day simple moving average is $46.03. Northwest Pipe has a 1 year low of $32.04 and a 1 year high of $57.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20.
Northwest Pipe (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). The company 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%. On average, analysts anticipate that Northwest Pipe will post 3.32 EPS for the current year.
Analyst Ratings Changes
Separately, Sidoti upgraded Northwest Pipe to a "hold" rating in a research report on Tuesday, February 25th.
Read Our Latest Research Report on Northwest Pipe
Insider Activity
In other Northwest Pipe 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 completion of the transaction, the chief financial officer now owns 23,467 shares in the company, valued at $1,032,548. This represents a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.30% of the company's stock.
About Northwest Pipe
(
Free Report)
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.
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