Assenagon Asset Management S.A. Buys 4,509 Shares of Northwest Pipe (NASDAQ:NWPX)

Assenagon Asset Management S.A. grew its holdings in Northwest Pipe (NASDAQ:NWPX) by 9.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 53,875 shares of the industrial products company’s stock after buying an additional 4,509 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.54% of Northwest Pipe worth $2,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. American Century Companies Inc. raised its stake in Northwest Pipe by 35.9% during the fourth quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company’s stock valued at $10,496,000 after buying an additional 57,398 shares during the last quarter. Millennium Management LLC boosted its position in Northwest Pipe by 73.4% in the fourth quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company’s stock worth $5,636,000 after purchasing an additional 49,446 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Northwest Pipe by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,713 shares of the industrial products company’s stock valued at $39,029,000 after purchasing an additional 43,659 shares during the period. GAMMA Investing LLC increased its position in shares of Northwest Pipe by 3,930.5% during the 1st quarter. GAMMA Investing LLC now owns 31,801 shares of the industrial products company’s stock valued at $1,313,000 after purchasing an additional 31,012 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Northwest Pipe by 198.1% in the 4th quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company’s stock worth $1,554,000 after purchasing an additional 21,400 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Northwest Pipe Stock Performance

Shares of NASDAQ:NWPX opened at $38.80 on Tuesday. The firm has a market cap of $383.27 million, a PE ratio of 13.20, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90. The firm’s 50 day simple moving average is $40.23 and its 200-day simple moving average is $44.95. Northwest Pipe has a one year low of $32.04 and a one year high of $57.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Northwest Pipe

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of Northwest Pipe stock in a transaction on 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 owns 23,467 shares of the company’s stock, valued at approximately $1,032,548. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is owned by 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.