Eidelman Virant Capital lowered its position in Northwest Pipe Company (NASDAQ:NWPX) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,343 shares of the industrial products company’s stock after selling 1,300 shares during the period. Eidelman Virant Capital owned approximately 1.13% of Northwest Pipe worth $1,761,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in NWPX. Royce & Associates LP increased its stake in Northwest Pipe by 9.8% in the first quarter. Royce & Associates LP now owns 1,193,200 shares of the industrial products company’s stock worth $18,745,000 after buying an additional 106,432 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Northwest Pipe during the first quarter worth approximately $245,000. KBC Group NV increased its stake in Northwest Pipe by 2.2% in the first quarter. KBC Group NV now owns 91,706 shares of the industrial products company’s stock worth $1,441,000 after buying an additional 2,000 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Northwest Pipe by 19.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 240,816 shares of the industrial products company’s stock worth $3,783,000 after buying an additional 39,910 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Northwest Pipe by 4.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,424 shares of the industrial products company’s stock worth $431,000 after buying an additional 1,170 shares during the last quarter. Institutional investors and hedge funds own 79.18% of the company’s stock.
Shares of Northwest Pipe Company (NASDAQ:NWPX) opened at 16.53 on Thursday. Northwest Pipe Company has a 12-month low of $11.25 and a 12-month high of $19.55. The firm has a market capitalization of $159.00 million, a P/E ratio of 290.00 and a beta of 1.33. The stock’s 50 day moving average price is $15.97 and its 200-day moving average price is $15.83.
Northwest Pipe (NASDAQ:NWPX) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.04. The company had revenue of $28.69 million during the quarter, compared to analyst estimates of $33 million. Northwest Pipe had a net margin of 0.45% and a negative return on equity of 1.90%. The company’s revenue for the quarter was down 31.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.65) EPS. On average, equities analysts expect that Northwest Pipe Company will post ($0.40) EPS for the current year.
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Separately, Zacks Investment Research upgraded Northwest Pipe from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th.
Northwest Pipe Company Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.
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