D.A. Davidson & CO. Raises Stake in Northwest Pipe Company (NWPX)

D.A. Davidson & CO. lifted its stake in shares of Northwest Pipe Company (NASDAQ:NWPX) by 2.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 564,097 shares of the industrial products company’s stock after acquiring an additional 14,731 shares during the quarter. D.A. Davidson & CO. owned approximately 5.87% of Northwest Pipe worth $9,172,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NWPX. Wells Fargo & Company MN increased its position in shares of Northwest Pipe by 67.4% during the first quarter. Wells Fargo & Company MN now owns 94,312 shares of the industrial products company’s stock worth $1,482,000 after acquiring an additional 37,964 shares during the period. Bank of New York Mellon Corp increased its position in shares of Northwest Pipe by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 13,553 shares of the industrial products company’s stock worth $213,000 after acquiring an additional 56 shares during the period. Oxford Asset Management increased its position in shares of Northwest Pipe by 2.4% during the first quarter. Oxford Asset Management now owns 25,804 shares of the industrial products company’s stock worth $405,000 after acquiring an additional 617 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Northwest Pipe by 4.5% during 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 acquiring an additional 1,170 shares during the period. Finally, KBC Group NV increased its position in shares of Northwest Pipe by 2.2% during the first quarter. KBC Group NV now owns 91,706 shares of the industrial products company’s stock worth $1,441,000 after acquiring an additional 2,000 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

Shares of Northwest Pipe Company (NASDAQ:NWPX) traded up 0.45% during trading on Wednesday, hitting $17.76. 2,236 shares of the stock were exchanged. The stock’s 50 day moving average price is $16.73 and its 200-day moving average price is $15.58. The company has a market cap of $170.83 million, a price-to-earnings ratio of 311.58 and a beta of 1.28. Northwest Pipe Company has a one year low of $11.25 and a one year high of $19.55.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly 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 business had revenue of $28.69 million for the quarter, compared to the consensus estimate of $33.00 million. Northwest Pipe had a net margin of 0.45% and a negative return on equity of 1.90%. The business’s revenue was down 31.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.65) EPS. On average, analysts predict that Northwest Pipe Company will post ($0.40) EPS for the current year.

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Separately, Zacks Investment Research raised shares of Northwest Pipe from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th.

Northwest Pipe 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.

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

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