Dimensional Fund Advisors LP grew its stake in Northwest Pipe Company (NASDAQ:NWPX) by 1.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 806,473 shares of the industrial products company’s stock after purchasing an additional 15,189 shares during the quarter. Dimensional Fund Advisors LP owned about 8.39% of Northwest Pipe worth $13,114,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. William Blair Investment Management LLC lifted its stake in shares of Northwest Pipe by 20.7% in the 2nd quarter. William Blair Investment Management LLC now owns 723,133 shares of the industrial products company’s stock valued at $11,758,000 after purchasing an additional 123,852 shares during the period. Heartland Advisors Inc. lifted its stake in shares of Northwest Pipe by 9.2% in the 2nd quarter. Heartland Advisors Inc. now owns 596,400 shares of the industrial products company’s stock valued at $9,697,000 after purchasing an additional 50,000 shares during the period. D.A. Davidson & CO. lifted its stake in shares of Northwest Pipe by 2.7% in the 2nd quarter. D.A. Davidson & CO. now owns 564,097 shares of the industrial products company’s stock valued at $9,172,000 after purchasing an additional 14,731 shares during the period. Vanguard Group Inc. lifted its stake in shares of Northwest Pipe by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 404,900 shares of the industrial products company’s stock valued at $6,583,000 after purchasing an additional 7,769 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Northwest Pipe by 152.3% in the 2nd quarter. Northern Trust Corp now owns 142,073 shares of the industrial products company’s stock valued at $2,310,000 after purchasing an additional 85,756 shares during the period. 84.12% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research raised Northwest Pipe from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Wednesday, August 9th.
Shares of Northwest Pipe Company (NWPX) opened at $17.25 on Tuesday. Northwest Pipe Company has a 1 year low of $12.41 and a 1 year high of $21.11.
Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings data on Tuesday, October 31st. The industrial products company reported ($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.09). Northwest Pipe had a negative net margin of 1.59% and a negative return on equity of 3.03%. The firm had revenue of $38.80 million during the quarter, compared to the consensus estimate of $40.00 million. During the same quarter in the prior year, the company earned $0.08 EPS. Northwest Pipe’s quarterly revenue was down 5.5% on a year-over-year basis. analysts expect that Northwest Pipe Company will post -0.9 earnings per share for the current fiscal year.
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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