Northern Trust Corp Has $4.94 Million Stock Holdings in Northwest Pipe (NASDAQ:NWPX)

Northern Trust Corp increased its stake in Northwest Pipe (NASDAQ:NWPX) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,317 shares of the industrial products company’s stock after acquiring an additional 2,142 shares during the quarter. Northern Trust Corp’s holdings in Northwest Pipe were worth $4,938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NWPX. American Century Companies Inc. grew its holdings in Northwest Pipe by 35.9% during the 4th quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company’s stock worth $10,496,000 after acquiring an additional 57,398 shares during the period. Renaissance Technologies LLC boosted its position in shares of Northwest Pipe by 198.1% during the 4th quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company’s stock valued at $1,554,000 after purchasing an additional 21,400 shares in the last quarter. Illumine Investment Management LLC acquired a new stake in Northwest Pipe during the fourth quarter worth approximately $833,000. JPMorgan Chase & Co. increased its holdings in Northwest Pipe by 27.8% in the fourth quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company’s stock worth $3,478,000 after purchasing an additional 15,690 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in Northwest Pipe by 64,926.1% in the fourth quarter. Allworth Financial LP now owns 14,956 shares of the industrial products company’s stock valued at $746,000 after buying an additional 14,933 shares during the period. 80.63% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Northwest Pipe Trading Down 0.2%

NWPX opened at $40.67 on Thursday. The company has a fifty day moving average price of $41.09 and a two-hundred day moving average price of $46.88. Northwest Pipe has a 1-year low of $32.04 and a 1-year high of $57.76. The company has a market cap of $401.74 million, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. 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 (NASDAQ:NWPX) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.14). Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. The firm had revenue of $116.12 million during the quarter, compared to analyst estimates of $111.92 million. Analysts predict that Northwest Pipe will post 3.32 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Sidoti upgraded Northwest Pipe to a “hold” rating in a 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.