MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 43,659 Shares of Northwest Pipe (NASDAQ:NWPX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Northwest Pipe (NASDAQ:NWPX - Free Report) by 5.7% in the fourth quarter, according to 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 purchasing an additional 43,659 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 8.15% of Northwest Pipe worth $39,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Northwest Pipe by 34.2% during the third quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company's stock valued at $2,544,000 after buying an additional 14,374 shares during the period. Barclays PLC grew its position in shares of Northwest Pipe by 272.8% during the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company's stock valued at $586,000 after acquiring an additional 9,514 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Northwest Pipe in the 4th quarter worth approximately $381,000. Renaissance Technologies LLC raised its holdings in shares of Northwest Pipe by 198.1% in the 4th quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company's stock worth $1,554,000 after purchasing an additional 21,400 shares during the period. Finally, AlphaQuest LLC purchased a new position in Northwest Pipe in the fourth quarter valued at approximately $31,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CFO Aaron Wilkins sold 1,000 shares of the company's stock in a transaction that occurred 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 directly owns 23,467 shares in the company, valued at approximately $1,032,548. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by company insiders.

Northwest Pipe Stock Performance

Shares of NWPX stock traded down $0.38 during trading on Monday, reaching $40.28. 5,113 shares of the company's stock traded hands, compared to its average volume of 55,038. Northwest Pipe has a 1 year low of $32.04 and a 1 year high of $57.76. The company has a market capitalization of $397.84 million, a P/E ratio of 13.70, a PEG ratio of 2.85 and a beta of 0.96. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The firm's 50-day moving average is $41.12 and its 200 day moving average is $47.03.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts expect that Northwest Pipe will post 3.32 EPS for the current 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.