Tower Research Capital LLC TRC Has $62,000 Stock Position in Northwest Pipe (NASDAQ:NWPX)

Tower Research Capital LLC TRC raised its stake in Northwest Pipe (NASDAQ:NWPX) by 33.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,277 shares of the industrial products company’s stock after purchasing an additional 319 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Northwest Pipe were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NWPX. American Century Companies Inc. raised its stake in shares of Northwest Pipe by 35.9% in the fourth quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company’s stock worth $10,496,000 after purchasing an additional 57,398 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Northwest Pipe by 198.1% during the fourth quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company’s stock valued at $1,554,000 after acquiring an additional 21,400 shares during the last quarter. Illumine Investment Management LLC purchased a new stake in shares of Northwest Pipe during the fourth quarter valued at approximately $833,000. JPMorgan Chase & Co. increased its position in shares of Northwest Pipe by 27.8% during the fourth quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company’s stock valued at $3,478,000 after acquiring an additional 15,690 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Northwest Pipe by 64,926.1% during the fourth quarter. Allworth Financial LP now owns 14,956 shares of the industrial products company’s stock valued at $746,000 after acquiring an additional 14,933 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Northwest Pipe Stock Performance

NWPX stock opened at $38.24 on Monday. The stock has a market capitalization of $377.73 million, a PE ratio of 13.01, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. Northwest Pipe has a 12-month low of $32.04 and a 12-month high of $57.76. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $41.18 and its 200 day simple moving average is $47.18.

Northwest Pipe (NASDAQ:NWPX) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). The company had revenue of $116.12 million for the quarter, compared to analysts’ expectations of $111.92 million. Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. As a group, research analysts forecast that Northwest Pipe will post 3.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Aaron Wilkins sold 1,000 shares of Northwest Pipe stock in a transaction dated Monday, March 24th. The stock was 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 owns 23,467 shares in the company, valued at approximately $1,032,548. This trade represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NWPX has been the subject of several research reports. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Sidoti raised Northwest Pipe to a “hold” rating in a research note on Tuesday, February 25th.

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.