National Investment Services Inc. WI bought a new position in Northwest Pipe Company (NASDAQ:NWPX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,340 shares of the industrial products company’s stock, valued at approximately $447,000. National Investment Services Inc. WI owned about 0.24% of Northwest Pipe at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in NWPX. State Street Corp bought a new position in shares of Northwest Pipe in the second quarter worth about $1,582,000. Northern Trust Corp raised its stake in shares of Northwest Pipe by 152.3% in the second quarter. Northern Trust Corp now owns 142,073 shares of the industrial products company’s stock worth $2,310,000 after acquiring an additional 85,756 shares during the last quarter. Quantum Capital Management bought a new stake in shares of Northwest Pipe during the third quarter worth approximately $1,335,000. Royce & Associates LP raised its stake in shares of Northwest Pipe by 4.9% during the third quarter. Royce & Associates LP now owns 1,253,900 shares of the industrial products company’s stock worth $23,849,000 after buying an additional 59,000 shares during the last quarter. Finally, AlphaOne Investment Services LLC bought a new stake in shares of Northwest Pipe during the second quarter worth approximately $909,000. 86.33% of the stock is owned by institutional investors.
Northwest Pipe Company (NASDAQ:NWPX) traded up $0.62 on Thursday, hitting $20.49. 31,000 shares of the company were exchanged, compared to its average volume of 37,064. The company has a market capitalization of $190.85, a P/E ratio of -89.08, a price-to-earnings-growth ratio of 3.55 and a beta of 1.25. Northwest Pipe Company has a twelve month low of $12.41 and a twelve month high of $21.11.
Northwest Pipe (NASDAQ:NWPX) last posted its quarterly earnings results on Tuesday, October 31st. The industrial products company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.09). Northwest Pipe had a negative return on equity of 3.03% and a negative net margin of 1.59%. The business had revenue of $38.80 million for the quarter, compared to the consensus estimate of $40.00 million. During the same period last year, the firm earned $0.08 earnings per share. The company’s quarterly revenue was down 5.5% on a year-over-year basis. equities research analysts expect that Northwest Pipe Company will post -0.9 EPS for the current year.
Separately, Zacks Investment Research downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th.
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Northwest Pipe Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.
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