Raymond James Financial Inc. Purchases Shares of 6,675 Northwest Pipe (NASDAQ:NWPX)

Raymond James Financial Inc. acquired a new stake in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,675 shares of the industrial products company's stock, valued at approximately $322,000. Raymond James Financial Inc. owned approximately 0.07% of Northwest Pipe as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of NWPX. Geode Capital Management LLC raised its holdings in Northwest Pipe by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company's stock worth $10,814,000 after acquiring an additional 801 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Northwest Pipe by 35.9% in the fourth quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company's stock worth $10,496,000 after purchasing an additional 57,398 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Northwest Pipe by 10.9% during the fourth quarter. Invesco Ltd. now owns 74,218 shares of the industrial products company's stock valued at $3,582,000 after purchasing an additional 7,278 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Northwest Pipe by 27.8% during the fourth quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company's stock valued at $3,478,000 after purchasing an additional 15,690 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its position in shares of Northwest Pipe by 13.6% during the fourth quarter. Advisors Asset Management Inc. now owns 45,916 shares of the industrial products company's stock valued at $2,216,000 after buying an additional 5,481 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Northwest Pipe Stock Performance

NWPX stock traded up $0.89 during trading on Monday, reaching $39.24. The stock had a trading volume of 50,621 shares, compared to its average volume of 54,763. The firm has a market cap of $387.61 million, a PE ratio of 13.35, 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 stock's 50 day moving average is $41.13 and its two-hundred day moving average is $47.15. Northwest Pipe has a 52 week low of $32.04 and a 52 week high of $57.76.

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

Wall Street Analysts Forecast Growth

NWPX has been the topic of several research analyst reports. Sidoti upgraded shares of Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th.

Insider Activity

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the firm'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 transaction of $44,000.00. Following the sale, the chief financial officer now owns 23,467 shares in the company, valued at approximately $1,032,548. This trade represents a 4.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company's stock.

Northwest Pipe Company 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.