Northwest Pipe (NASDAQ:NWPX) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Northwest Pipe (NASDAQ:NWPXFree Report) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 348,679 shares of the industrial products company’s stock after selling 62,181 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 3.51% of Northwest Pipe worth $12,092,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of Northwest Pipe by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 755,883 shares of the industrial products company’s stock worth $22,873,000 after buying an additional 5,572 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of Northwest Pipe by 16.4% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 317,067 shares of the industrial products company’s stock worth $9,594,000 after buying an additional 44,756 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Northwest Pipe by 11.0% in the fourth quarter. Franklin Resources Inc. now owns 72,942 shares of the industrial products company’s stock worth $2,207,000 after buying an additional 7,242 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Northwest Pipe by 3.0% in the first quarter. Assenagon Asset Management S.A. now owns 50,831 shares of the industrial products company’s stock worth $1,763,000 after buying an additional 1,465 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Northwest Pipe by 11.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,522 shares of the industrial products company’s stock worth $470,000 after buying an additional 1,585 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on Northwest Pipe

Northwest Pipe Stock Down 2.3 %

NWPX stock opened at $32.48 on Monday. The firm has a fifty day moving average price of $34.18 and a two-hundred day moving average price of $32.22. The firm has a market cap of $322.04 million, a price-to-earnings ratio of 13.65, a PEG ratio of 2.51 and a beta of 0.98. 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 $36.92.

Northwest Pipe (NASDAQ:NWPXGet Free Report) last released its quarterly 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 business had revenue of $113.22 million during the quarter, compared to analyst estimates of $103.20 million. Northwest Pipe had a net margin of 5.22% and a return on equity of 7.11%. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Research analysts predict that Northwest Pipe will post 2.59 EPS for the current year.

Northwest Pipe Company 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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