Northwest Pipe Company (NWPX) Position Increased by Heartland Advisors Inc.
Heartland Advisors Inc. raised its position in shares of Northwest Pipe Company (NASDAQ:NWPX) by 9.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 596,400 shares of the industrial products company’s stock after buying an additional 50,000 shares during the period. Heartland Advisors Inc. owned 6.21% of Northwest Pipe worth $9,697,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Segantii Capital Management Ltd raised its position in shares of Northwest Pipe by 584.2% in the first quarter. Segantii Capital Management Ltd now owns 13,000 shares of the industrial products company’s stock worth $204,000 after buying an additional 11,100 shares during the period. Bank of New York Mellon Corp raised its position in shares of Northwest Pipe by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 13,553 shares of the industrial products company’s stock worth $213,000 after buying an additional 56 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Northwest Pipe during the first quarter worth about $245,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Northwest Pipe during the second quarter worth about $256,000. Finally, Oxford Asset Management raised its position in shares of Northwest Pipe by 2.4% in the first quarter. Oxford Asset Management now owns 25,804 shares of the industrial products company’s stock worth $405,000 after buying an additional 617 shares during the period. Hedge funds and other institutional investors own 83.48% of the company’s stock.
Northwest Pipe Company (NASDAQ:NWPX) opened at 18.34 on Friday. Northwest Pipe Company has a 1-year low of $11.25 and a 1-year high of $19.55. The company has a 50-day moving average price of $15.88 and a 200 day moving average price of $15.63. The firm has a market capitalization of $176.41 million, a P/E ratio of 321.75 and a beta of 1.33.
Northwest Pipe (NASDAQ:NWPX) last posted its earnings results on Wednesday, August 2nd. The industrial products company reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.04. The company had revenue of $28.69 million for the quarter, compared to the consensus estimate of $33 million. Northwest Pipe had a negative return on equity of 1.90% and a net margin of 0.45%. Northwest Pipe’s quarterly revenue was down 31.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.65) earnings per share. Analysts expect that Northwest Pipe Company will post ($0.40) earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Northwest Pipe from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, August 9th.
About Northwest Pipe
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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