Renaissance Technologies LLC Has $1.55 Million Stake in Northwest Pipe (NASDAQ:NWPX)

Renaissance Technologies LLC increased its position in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 198.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,200 shares of the industrial products company's stock after acquiring an additional 21,400 shares during the period. Renaissance Technologies LLC owned about 0.32% of Northwest Pipe worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in shares of Northwest Pipe in the 4th quarter valued at $31,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Northwest Pipe during the 4th quarter worth $72,000. R Squared Ltd acquired a new stake in Northwest Pipe in the fourth quarter valued at about $78,000. Quantbot Technologies LP boosted its stake in Northwest Pipe by 40.3% in the fourth quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company's stock valued at $101,000 after buying an additional 601 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in Northwest Pipe in the fourth quarter valued at about $121,000. 80.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NWPX shares. StockNews.com downgraded shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Sidoti upgraded shares of Northwest Pipe to a "hold" rating in a research report on Tuesday, February 25th. Finally, Northland Securities boosted their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd.

Northwest Pipe Trading Down 2.3 %

Shares of NWPX stock traded down $0.93 during mid-day trading on Friday, reaching $38.82. 15,343 shares of the stock traded hands, compared to its average volume of 54,526. The company has a market cap of $385.63 million, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.85 and a beta of 0.94. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. The stock's fifty day simple moving average is $41.95 and its two-hundred day simple moving average is $47.42. Northwest Pipe has a 1-year low of $31.77 and a 1-year high of $57.76.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last issued 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 net margin of 6.12% and a return on equity of 8.47%. The business had revenue of $116.12 million during the quarter, compared to the consensus estimate of $111.92 million. On average, research analysts anticipate that Northwest Pipe will post 3.32 EPS for the current fiscal year.

Insider Transactions at Northwest Pipe

In related news, CFO Aaron Wilkins sold 1,000 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $44.00, for a total transaction of $44,000.00. Following the completion of the transaction, the chief financial officer now directly owns 23,467 shares of the company's stock, valued at $1,032,548. This trade represents a 4.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.

Northwest Pipe 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.