Northwest Pipe (NASDAQ:NWPX) Shares Acquired by Two Sigma Investments LP

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.

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

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.