MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Position in Northwest Pipe (NASDAQ:NWPX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Northwest Pipe (NASDAQ:NWPX - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 808,713 shares of the industrial products company's stock after buying an additional 43,659 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 8.15% of Northwest Pipe worth $39,029,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in NWPX. Aquatic Capital Management LLC purchased a new stake in shares of Northwest Pipe in the 4th quarter valued at approximately $30,000. AlphaQuest LLC purchased a new stake in shares of Northwest Pipe in the 4th quarter valued at approximately $31,000. Tower Research Capital LLC TRC lifted its holdings in shares of Northwest Pipe by 33.3% in the 4th 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. Steward Partners Investment Advisory LLC acquired a new position in shares of Northwest Pipe in the 4th quarter worth approximately $72,000. Finally, R Squared Ltd acquired a new position in shares of Northwest Pipe in the 4th quarter worth approximately $78,000. Hedge funds and other institutional investors 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.

Insiders Place Their Bets

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $44.00, for a total transaction of $44,000.00. Following the sale, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by company insiders.

Northwest Pipe Trading Up 0.4%

Shares of NWPX stock traded up $0.17 during trading hours on Friday, hitting $40.65. The company had a trading volume of 35,540 shares, compared to its average volume of 55,127. The company's fifty day moving average is $41.12 and its 200 day moving average is $47.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. Northwest Pipe has a fifty-two week low of $32.04 and a fifty-two week high of $57.76. The stock has a market capitalization of $401.54 million, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96.

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

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.