Baird Financial Group Inc. decreased its position in shares of Northwest Pipe (NASDAQ:NWPX) by 23.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,840 shares of the industrial products company’s stock after selling 10,271 shares during the period. Baird Financial Group Inc. owned about 0.35% of Northwest Pipe worth $585,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. AlphaOne Investment Services LLC increased its stake in Northwest Pipe by 13.4% during the 4th quarter. AlphaOne Investment Services LLC now owns 186,050 shares of the industrial products company’s stock worth $3,561,000 after buying an additional 22,050 shares during the period. Kennedy Capital Management Inc. increased its stake in Northwest Pipe by 12.9% during the 4th quarter. Kennedy Capital Management Inc. now owns 161,440 shares of the industrial products company’s stock worth $3,090,000 after buying an additional 18,389 shares during the period. Morgan Dempsey Capital Management LLC purchased a new stake in Northwest Pipe during the 4th quarter worth $167,000. BlackRock Inc. increased its stake in Northwest Pipe by 1.1% during the 4th quarter. BlackRock Inc. now owns 640,986 shares of the industrial products company’s stock worth $12,269,000 after buying an additional 7,221 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in Northwest Pipe by 3.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 242,946 shares of the industrial products company’s stock worth $4,650,000 after buying an additional 7,940 shares during the period. 87.18% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently issued reports on NWPX. ValuEngine downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Northwest Pipe from a “sell” rating to a “hold” rating in a research report on Thursday, May 3rd. Finally, DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a research report on Friday, March 2nd.
NWPX opened at $19.37 on Friday. Northwest Pipe has a 1-year low of $14.50 and a 1-year high of $22.00. The company has a current ratio of 11.87, a quick ratio of 10.33 and a debt-to-equity ratio of 0.01.
Northwest Pipe (NASDAQ:NWPX) last released its earnings results on Thursday, May 3rd. The industrial products company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.05). The company had revenue of $33.37 million during the quarter, compared to the consensus estimate of $31.00 million. Northwest Pipe had a negative return on equity of 2.79% and a negative net margin of 6.04%. equities analysts anticipate that Northwest Pipe will post 0.1 EPS for the current fiscal year.
Northwest Pipe Profile
Northwest Pipe Company manufactures engineered steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.
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