Northern Trust Corp Reduces Holdings in Northwest Pipe (NASDAQ:NWPX)

Northern Trust Corp cut its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,092 shares of the industrial products company’s stock after selling 7,434 shares during the quarter. Northern Trust Corp’s holdings in Northwest Pipe were worth $3,993,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Founders Capital Management purchased a new stake in shares of Northwest Pipe in the fourth quarter worth $42,000. Citigroup Inc. increased its position in shares of Northwest Pipe by 285.7% during the 4th quarter. Citigroup Inc. now owns 1,859 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 1,377 shares during the last quarter. James Investment Research Inc. purchased a new stake in Northwest Pipe in the fourth quarter worth approximately $114,000. Brandywine Global Investment Management LLC purchased a new position in Northwest Pipe in the 4th quarter worth $221,000. Finally, Alliancebernstein L.P. bought a new position in Northwest Pipe during the 4th quarter worth approximately $275,000. Hedge funds and other institutional investors own 82.33% of the company’s stock.

NASDAQ NWPX opened at $32.58 on Thursday. The stock has a market capitalization of $319.74 million, a price-to-earnings ratio of 12.44 and a beta of 0.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.92 and a quick ratio of 4.07. The business’s fifty day moving average price is $33.82 and its 200-day moving average price is $30.43. Northwest Pipe has a 1-year low of $19.33 and a 1-year high of $38.08.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings results on Thursday, March 4th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The business had revenue of $69.38 million during the quarter, compared to analyst estimates of $71.00 million. Northwest Pipe had a return on equity of 10.77% and a net margin of 8.95%. Equities research analysts anticipate that Northwest Pipe will post 2.31 EPS for the current year.

Several analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating on shares of Northwest Pipe in a report on Thursday, March 4th. Zacks Investment Research downgraded shares of Northwest Pipe from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 9th.

About Northwest Pipe

Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the Water Infrastructure segment, which produces engineered pipeline systems including steel pipe, reinforced concrete pipe, and protective linings. These pipeline systems are primarily used in water infrastructure including drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.

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

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