KBC Group NV Sells 1,910 Shares of Northwest Pipe (NASDAQ:NWPX)

KBC Group NV reduced its position in Northwest Pipe (NASDAQ:NWPXFree Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,666 shares of the industrial products company’s stock after selling 1,910 shares during the quarter. KBC Group NV owned 1.40% of Northwest Pipe worth $4,226,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NWPX. Barclays PLC boosted its stake in shares of Northwest Pipe by 35.2% during the third quarter. Barclays PLC now owns 2,657 shares of the industrial products company’s stock valued at $81,000 after purchasing an additional 692 shares during the period. Byrne Asset Management LLC grew its stake in Northwest Pipe by 17.3% in the 4th quarter. Byrne Asset Management LLC now owns 2,850 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 420 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Northwest Pipe by 48.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,110 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 1,022 shares during the period. SG Americas Securities LLC raised its stake in shares of Northwest Pipe by 20.4% during the fourth quarter. SG Americas Securities LLC now owns 5,378 shares of the industrial products company’s stock valued at $163,000 after acquiring an additional 912 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in shares of Northwest Pipe by 6.8% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 7,188 shares of the industrial products company’s stock valued at $217,000 after acquiring an additional 457 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NWPX. DA Davidson raised their price objective on Northwest Pipe from $37.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd.

View Our Latest Analysis on NWPX

Northwest Pipe Trading Down 1.3 %

NASDAQ:NWPX opened at $34.05 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.40 and a current ratio of 3.56. The firm has a 50-day simple moving average of $34.14 and a 200-day simple moving average of $31.29. Northwest Pipe has a one year low of $25.67 and a one year high of $36.92. The firm has a market cap of $337.78 million, a P/E ratio of 14.31, a P/E/G ratio of 2.81 and a beta of 1.00.

Northwest Pipe (NASDAQ:NWPXGet Free Report) last posted its earnings results on Wednesday, May 1st. The industrial products company reported $0.52 earnings per share for the quarter, topping 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 company had revenue of $113.22 million during the quarter, compared to analyst estimates of $103.20 million. During the same quarter in the prior year, the business earned $0.23 earnings per share. Equities analysts anticipate that Northwest Pipe will post 2.46 EPS for the current fiscal year.

Northwest Pipe Profile

(Free Report)

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.

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

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