Advisors Asset Management Inc. Raises Position in Northwest Pipe (NASDAQ:NWPX)

Advisors Asset Management Inc. lifted its position in Northwest Pipe (NASDAQ:NWPX) by 10.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,814 shares of the industrial products company’s stock after buying an additional 4,365 shares during the period. Advisors Asset Management Inc. owned about 0.48% of Northwest Pipe worth $1,658,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NWPX. Dimensional Fund Advisors LP lifted its position in Northwest Pipe by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 755,883 shares of the industrial products company’s stock valued at $22,873,000 after acquiring an additional 5,572 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Northwest Pipe by 1.8% in the first quarter. Vanguard Group Inc. now owns 506,110 shares of the industrial products company’s stock worth $17,552,000 after purchasing an additional 8,924 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Northwest Pipe by 16.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 317,067 shares of the industrial products company’s stock valued at $9,594,000 after purchasing an additional 44,756 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Northwest Pipe by 11.0% during the fourth quarter. Franklin Resources Inc. now owns 72,942 shares of the industrial products company’s stock valued at $2,207,000 after buying an additional 7,242 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Northwest Pipe by 4.2% in the 1st quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock worth $1,950,000 after buying an additional 2,281 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Northwest Pipe Stock Performance

NWPX stock opened at $37.60 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.56 and a quick ratio of 2.40. Northwest Pipe has a 1 year low of $25.67 and a 1 year high of $38.01. The company has a market cap of $372.99 million, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 2.90 and a beta of 0.98. The stock’s fifty day moving average price is $34.50 and its 200-day moving average price is $32.83.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.18. Northwest Pipe had a return on equity of 7.11% and a net margin of 5.22%. The business had revenue of $113.22 million during the quarter, compared to the consensus estimate of $103.20 million. During the same period in the previous year, the company posted $0.23 EPS. On average, equities analysts forecast that Northwest Pipe will post 2.59 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd.

Northwest Pipe Company 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.