Northwest Pipe (NASDAQ:NWPX) Stake Decreased by First Trust Advisors LP

First Trust Advisors LP trimmed its holdings in Northwest Pipe (NASDAQ:NWPX) by 10.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,305 shares of the industrial products company’s stock after selling 3,526 shares during the quarter. First Trust Advisors LP owned about 0.32% of Northwest Pipe worth $1,511,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in shares of Northwest Pipe during the fourth quarter valued at $31,000. Steward Partners Investment Advisory LLC acquired a new position in Northwest Pipe during the 4th quarter valued at about $72,000. R Squared Ltd bought a new stake in shares of Northwest Pipe during the 4th quarter worth about $78,000. Quantbot Technologies LP lifted its stake in shares of Northwest Pipe by 40.3% in the 4th quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company’s stock worth $101,000 after acquiring an additional 601 shares during the period. Finally, Synergy Asset Management LLC bought a new position in shares of Northwest Pipe in the fourth quarter valued at approximately $121,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Northwest Pipe Trading Down 2.0 %

Shares of NASDAQ:NWPX opened at $37.70 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The stock has a market capitalization of $374.55 million, a price-to-earnings ratio of 12.82, a PEG ratio of 2.85 and a beta of 0.96. Northwest Pipe has a 1-year low of $32.04 and a 1-year high of $57.76. The company has a 50 day moving average price of $41.46 and a 200 day moving average price of $47.29.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.14). The company had revenue of $116.12 million for the quarter, compared to the consensus estimate of $111.92 million. Northwest Pipe had a return on equity of 8.47% and a net margin of 6.12%. On average, research analysts anticipate that Northwest Pipe will post 3.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NWPX shares. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Sidoti raised Northwest Pipe to a “hold” rating in a research note on Tuesday, February 25th.

Insider Buying and Selling

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $44.00, for a total value of $44,000.00. Following the completion of the transaction, the chief financial officer now directly owns 23,467 shares in the company, valued at $1,032,548. This trade represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.30% of the stock is currently owned by company insiders.

Northwest Pipe 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.