Kennedy Capital Management Inc. increased its holdings in shares of Northwest Pipe Company (NASDAQ:NWPX) by 30.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,706 shares of the industrial products company’s stock after acquiring an additional 29,839 shares during the quarter. Kennedy Capital Management Inc. owned approximately 1.34% of Northwest Pipe worth $2,093,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Segantii Capital Management Ltd lifted its holdings in Northwest Pipe by 584.2% during the first quarter. Segantii Capital Management Ltd now owns 13,000 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 11,100 shares during the period. Bank of New York Mellon Corp lifted its holdings in 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. Dynamic Technology Lab Private Ltd bought a new stake in Northwest Pipe during the first quarter worth $245,000. Schwab Charles Investment Management Inc. bought a new stake in Northwest Pipe during the second quarter worth $256,000. Finally, Oxford Asset Management lifted its holdings in 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. Institutional investors and hedge funds own 83.41% of the company’s stock.
Shares of Northwest Pipe Company (NASDAQ NWPX) opened at 17.68 on Wednesday. The firm has a 50 day moving average price of $16.73 and a 200 day moving average price of $15.58. Northwest Pipe Company has a 52 week low of $11.25 and a 52 week high of $19.55. The company has a market capitalization of $170.06 million, a price-to-earnings ratio of 310.18 and a beta of 1.28.
Northwest Pipe (NASDAQ:NWPX) last issued its earnings results on Wednesday, August 2nd. The industrial products company reported ($0.22) EPS for the quarter, beating the 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 business had revenue of $28.69 million for the quarter, compared to the consensus estimate of $33.00 million. During the same period last year, the business posted ($0.65) EPS. The company’s revenue was down 31.8% compared to the same quarter last year. Equities analysts forecast 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 “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, August 9th.
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.
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