MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Holdings in Northwest Pipe (NASDAQ:NWPX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Northwest Pipe (NASDAQ:NWPX) by 5.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 808,713 shares of the industrial products company’s stock after acquiring an additional 43,659 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of Northwest Pipe worth $39,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NWPX. American Century Companies Inc. lifted its stake in Northwest Pipe by 35.9% in the 4th 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 in the last quarter. Renaissance Technologies LLC lifted its stake in Northwest Pipe by 198.1% in the 4th quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company’s stock valued at $1,554,000 after buying an additional 21,400 shares in the last quarter. Illumine Investment Management LLC purchased a new stake in Northwest Pipe in the 4th quarter valued at approximately $833,000. D. E. Shaw & Co. Inc. lifted its stake in Northwest Pipe by 59.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 44,159 shares of the industrial products company’s stock valued at $2,131,000 after buying an additional 16,408 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Northwest Pipe by 27.8% in the 4th quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company’s stock valued at $3,478,000 after buying an additional 15,690 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Sidoti raised Northwest Pipe to a “hold” rating in a research note on Tuesday, February 25th. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th.

Northwest Pipe Trading Up 4.0%

Shares of NWPX opened at $40.80 on Wednesday. The stock has a fifty day moving average of $41.12 and a two-hundred day moving average of $47.10. 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 company has a market capitalization of $403.02 million, a PE ratio of 13.88, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. Northwest Pipe has a fifty-two week low of $32.04 and a fifty-two week high of $57.76.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings results 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 business 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%. As a group, analysts forecast that Northwest Pipe will post 3.32 EPS for the current year.

Insider Buying and Selling at Northwest Pipe

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the business’s stock in a transaction on 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 directly owns 23,467 shares in the company, valued at approximately $1,032,548. The trade was a 4.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.30% of the stock is currently 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.