Walthausen & Co. LLC Acquires 5,180 Shares of Northwest Pipe (NASDAQ:NWPX)

Walthausen & Co. LLC lifted its position in shares of Northwest Pipe (NASDAQ:NWPX) by 7.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 75,150 shares of the industrial products company’s stock after buying an additional 5,180 shares during the period. Walthausen & Co. LLC’s holdings in Northwest Pipe were worth $2,503,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of NWPX. Cubist Systematic Strategies LLC bought a new position in Northwest Pipe in the 4th quarter valued at approximately $372,000. Marshall Wace LLP acquired a new position in Northwest Pipe in the 4th quarter valued at approximately $3,016,000. Marshall Wace North America L.P. acquired a new position in Northwest Pipe in the 4th quarter valued at approximately $42,000. UBS Group AG increased its position in Northwest Pipe by 66.3% in the 4th quarter. UBS Group AG now owns 13,482 shares of the industrial products company’s stock valued at $449,000 after acquiring an additional 5,376 shares during the period. Finally, SG Capital Management LLC increased its position in Northwest Pipe by 39.8% in the 4th quarter. SG Capital Management LLC now owns 32,821 shares of the industrial products company’s stock valued at $1,093,000 after acquiring an additional 9,348 shares during the period. 82.14% of the stock is owned by institutional investors.

In other news, Director Michael C. Franson acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average cost of $25.32 per share, for a total transaction of $25,320.00. Following the completion of the transaction, the director now directly owns 14,648 shares in the company, valued at approximately $370,887.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

NASDAQ NWPX traded up $3.79 on Thursday, hitting $26.65. The company’s stock had a trading volume of 99,300 shares, compared to its average volume of 73,919. Northwest Pipe has a 1-year low of $18.04 and a 1-year high of $36.70. The company’s 50-day moving average is $29.78 and its 200 day moving average is $30.93. The firm has a market cap of $218.71 million, a PE ratio of 9.35 and a beta of 0.70.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings results on Monday, March 2nd. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.23. Northwest Pipe had a net margin of 9.99% and a return on equity of 11.32%. The firm had revenue of $72.25 million during the quarter, compared to analysts’ expectations of $72.00 million. As a group, research analysts expect that Northwest Pipe will post 2.82 earnings per share for the current fiscal year.

Several equities analysts have issued reports on NWPX shares. DA Davidson restated a “buy” rating on shares of Northwest Pipe in a research report on Monday, February 10th. Zacks Investment Research cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Saturday, March 7th. Northland Securities restated a “buy” rating and issued a $45.00 price target on shares of Northwest Pipe in a research report on Friday, December 6th. BidaskClub cut shares of Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, ValuEngine cut shares of Northwest Pipe from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Northwest Pipe presently has an average rating of “Hold” and a consensus target price of $42.00.

Northwest Pipe Profile

Northwest Pipe Company manufactures engineered welded steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

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Institutional Ownership by Quarter for Northwest Pipe (NASDAQ:NWPX)

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