Two Sigma Advisers LP Lowers Position in Northwest Pipe (NWPX)

Two Sigma Advisers LP trimmed its holdings in Northwest Pipe (NASDAQ:NWPX) by 17.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,904 shares of the industrial products company’s stock after selling 3,900 shares during the period. Two Sigma Advisers LP owned 0.18% of Northwest Pipe worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Northwest Pipe by 0.6% in the third quarter. BlackRock Inc. now owns 677,020 shares of the industrial products company’s stock worth $13,370,000 after buying an additional 4,303 shares during the last quarter. Putnam Investments LLC purchased a new position in shares of Northwest Pipe in the third quarter worth $457,000. Vanguard Group Inc. raised its holdings in shares of Northwest Pipe by 4.0% in the third quarter. Vanguard Group Inc. now owns 453,863 shares of the industrial products company’s stock worth $8,964,000 after buying an additional 17,362 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Northwest Pipe by 4.0% in the third quarter. Vanguard Group Inc now owns 453,863 shares of the industrial products company’s stock worth $8,964,000 after buying an additional 17,362 shares during the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of Northwest Pipe in the fourth quarter worth $315,000. 81.63% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on NWPX shares. ValuEngine lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded shares of Northwest Pipe from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, March 19th.

NASDAQ:NWPX opened at $25.71 on Monday. The firm has a market capitalization of $250.29 million, a PE ratio of -142.83, a price-to-earnings-growth ratio of 1.65 and a beta of 0.80. Northwest Pipe has a 1-year low of $16.52 and a 1-year high of $26.32. The company has a current ratio of 5.07, a quick ratio of 3.81 and a debt-to-equity ratio of 0.06.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, March 13th. The industrial products company reported $0.27 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.27. The firm had revenue of $57.54 million for the quarter, compared to analyst estimates of $60.00 million. Northwest Pipe had a net margin of 11.80% and a negative return on equity of 1.04%. Research analysts predict that Northwest Pipe will post 1.56 EPS for the current fiscal year.

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Northwest Pipe Company Profile

Northwest Pipe Company manufactures engineered welded 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, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

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Institutional Ownership by Quarter for Northwest Pipe (NASDAQ:NWPX)

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