William Blair Investment Management LLC increased its position in Northwest Pipe Company (NASDAQ:NWPX) by 20.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 723,133 shares of the industrial products company’s stock after buying an additional 123,852 shares during the period. William Blair Investment Management LLC owned about 7.53% of Northwest Pipe worth $11,758,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of NWPX. Royce & Associates LP raised its position 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 in the last quarter. Dimensional Fund Advisors LP raised its position in Northwest Pipe by 11.9% in the first quarter. Dimensional Fund Advisors LP now owns 791,284 shares of the industrial products company’s stock worth $12,431,000 after buying an additional 84,075 shares in the last quarter. Heartland Advisors Inc. raised its position in Northwest Pipe by 5.4% in the first quarter. Heartland Advisors Inc. now owns 546,400 shares of the industrial products company’s stock worth $8,584,000 after buying an additional 27,800 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its position 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 in the last quarter. Finally, Acadian Asset Management LLC raised its position in Northwest Pipe by 35.9% in the first quarter. Acadian Asset Management LLC now owns 106,258 shares of the industrial products company’s stock worth $1,668,000 after buying an additional 28,066 shares in the last quarter. 79.18% of the stock is currently owned by institutional investors.
Northwest Pipe Company (NASDAQ:NWPX) opened at 16.25 on Friday. Northwest Pipe Company has a 1-year low of $11.25 and a 1-year high of $19.55. The firm has a market capitalization of $156.31 million, a price-to-earnings ratio of 285.09 and a beta of 1.33. The company has a 50 day moving average price of $15.77 and a 200-day moving average price of $15.67.
Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported ($0.22) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.04. Northwest Pipe had a negative return on equity of 1.90% and a net margin of 0.45%. The company had revenue of $28.69 million for the quarter, compared to analysts’ expectations of $33 million. During the same period in the previous year, the firm posted ($0.65) earnings per share. The firm’s revenue for the quarter was down 31.8% on a year-over-year basis. On average, analysts forecast that Northwest Pipe Company will post ($0.40) EPS for the current fiscal year.
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Separately, Zacks Investment Research raised Northwest Pipe from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, August 9th.
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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