Kennedy Capital Management LLC Has $4.01 Million Holdings in Northwest Pipe (NASDAQ:NWPX)

Kennedy Capital Management LLC lowered its position in shares of Northwest Pipe (NASDAQ:NWPX) by 20.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,508 shares of the industrial products company’s stock after selling 29,798 shares during the quarter. Kennedy Capital Management LLC’s holdings in Northwest Pipe were worth $4,006,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Northwest Pipe by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 755,883 shares of the industrial products company’s stock valued at $22,873,000 after purchasing an additional 5,572 shares in the last quarter. Vanguard Group Inc. grew its position in Northwest Pipe by 1.8% during the first quarter. Vanguard Group Inc. now owns 506,110 shares of the industrial products company’s stock valued at $17,552,000 after purchasing an additional 8,924 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its position in 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. grew its position in 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 purchasing an additional 7,242 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Northwest Pipe by 4.2% during the first quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock valued at $1,950,000 after purchasing an additional 2,281 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Northwest Pipe Stock Up 1.8 %

NWPX stock traded up $0.67 during trading hours on Tuesday, hitting $37.38. The company’s stock had a trading volume of 31,016 shares, compared to its average volume of 41,527. The company has a quick ratio of 2.40, a current ratio of 3.56 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $370.81 million, a PE ratio of 15.42, a price-to-earnings-growth ratio of 2.90 and a beta of 0.98. Northwest Pipe has a 12 month low of $25.67 and a 12 month high of $38.15. The stock has a 50 day moving average price of $34.52 and a two-hundred day moving average price of $32.91.

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report 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.