Hodges Capital Management Inc. grew its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 27.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,000 shares of the industrial products company’s stock after buying an additional 3,712 shares during the period. Hodges Capital Management Inc. owned 0.17% of Northwest Pipe worth $408,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Metropolitan Life Insurance Co. NY bought a new stake in shares of Northwest Pipe during the fourth quarter valued at approximately $77,000. MetLife Investment Advisors LLC bought a new stake in shares of Northwest Pipe during the fourth quarter valued at approximately $106,000. Bessemer Group Inc. bought a new stake in shares of Northwest Pipe during the fourth quarter valued at approximately $109,000. Bank of America Corp DE boosted its position in shares of Northwest Pipe by 32.1% during the fourth quarter. Bank of America Corp DE now owns 7,029 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Northwest Pipe by 12.0% during the fourth quarter. Stifel Financial Corp now owns 12,315 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 1,315 shares in the last quarter. 81.63% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ NWPX opened at $25.83 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.81 and a current ratio of 5.07. Northwest Pipe has a twelve month low of $16.52 and a twelve month high of $26.32. The company has a market cap of $247.08 million, a P/E ratio of -143.50, a PEG ratio of 1.63 and a beta of 0.80.
Northwest Pipe (NASDAQ:NWPX) last released its earnings results on Wednesday, March 13th. The industrial products company reported $0.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. Northwest Pipe had a negative return on equity of 1.04% and a net margin of 11.80%. The business had revenue of $57.54 million for the quarter, compared to the consensus estimate of $60.00 million. Research analysts predict that Northwest Pipe will post 1.56 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the company. ValuEngine lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Zacks Investment Research upgraded Northwest Pipe from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Tuesday, March 19th.
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Northwest Pipe Company 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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