GAMMA Investing LLC Purchases 31,012 Shares of Northwest Pipe (NASDAQ:NWPX)

GAMMA Investing LLC lifted its position in Northwest Pipe (NASDAQ:NWPX) by 3,930.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 31,801 shares of the industrial products company’s stock after purchasing an additional 31,012 shares during the quarter. GAMMA Investing LLC owned 0.32% of Northwest Pipe worth $1,313,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Rhumbline Advisers grew its holdings in Northwest Pipe by 4.9% during the 4th quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company’s stock worth $732,000 after acquiring an additional 713 shares during the last quarter. Allworth Financial LP grew its holdings in Northwest Pipe by 64,926.1% during the 4th quarter. Allworth Financial LP now owns 14,956 shares of the industrial products company’s stock worth $746,000 after acquiring an additional 14,933 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Northwest Pipe during the 4th quarter worth about $381,000. Illumine Investment Management LLC bought a new stake in Northwest Pipe during the 4th quarter worth about $833,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Northwest Pipe during the 4th quarter worth about $72,000. Institutional investors own 80.63% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Aaron Wilkins sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $44.00, for a total transaction of $44,000.00. Following the completion of the transaction, the chief financial officer now directly owns 23,467 shares of the company’s stock, valued at $1,032,548. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Northwest Pipe Stock Performance

Northwest Pipe stock opened at $38.79 on Monday. The company has a market cap of $383.17 million, a PE ratio of 13.19, a PEG ratio of 2.85 and a beta of 0.90. The company’s 50-day moving average is $40.25 and its two-hundred day moving average is $45.07. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 1 year low of $32.04 and a 1 year high of $57.76.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly 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 firm had revenue of $116.12 million during the quarter, compared to analyst estimates of $111.92 million. Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. Equities analysts anticipate that Northwest Pipe will post 3.32 earnings per share for the current year.

Analyst Ratings Changes

Separately, Sidoti upgraded shares of Northwest Pipe to a “hold” rating in a research report on Tuesday, February 25th.

About Northwest Pipe

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.