Credit Suisse AG lowered its position in Northwest Pipe Company (NASDAQ:NWPX) by 25.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,963 shares of the industrial products company’s stock after selling 37,915 shares during the period. Credit Suisse AG owned about 1.19% of Northwest Pipe worth $1,791,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in NWPX. Royce & Associates LP boosted its position in shares of 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 during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Northwest Pipe during the first quarter worth about $245,000. KBC Group NV boosted its position in shares of Northwest Pipe by 2.2% in the first quarter. KBC Group NV now owns 91,706 shares of the industrial products company’s stock worth $1,441,000 after buying an additional 2,000 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of 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 during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Northwest Pipe by 4.5% in 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 buying an additional 1,170 shares during the last quarter. Institutional investors own 77.11% of the company’s stock.
Northwest Pipe Company (NASDAQ:NWPX) traded down 2.10% during trading on Friday, hitting $16.75. 28,601 shares of the stock were exchanged. Northwest Pipe Company has a 12-month low of $11.25 and a 12-month high of $19.55. The firm has a market cap of $161.12 million, a PE ratio of 293.86 and a beta of 1.33. The stock’s 50-day moving average price is $15.97 and its 200-day moving average price is $15.93.
Northwest Pipe (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.04. Northwest Pipe had a net margin of 0.45% and a negative return on equity of 1.90%. The company had revenue of $28.69 million during the quarter, compared to analyst estimates of $33 million. During the same quarter last year, the firm posted ($0.65) EPS. The business’s revenue for the quarter was down 31.8% on a year-over-year basis. On average, equities analysts expect that Northwest Pipe Company will post ($0.40) EPS for the current year.
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Separately, Zacks Investment Research upgraded shares of Northwest Pipe from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th.
About Northwest Pipe
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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