Bank of New York Mellon Corp increased its position in shares of Northwest Pipe Company (NASDAQ:NWPX) by 0.4% during the first quarter, Holdings Channel reports. The institutional investor owned 13,553 shares of the industrial products company’s stock after buying an additional 56 shares during the period. Bank of New York Mellon Corp’s holdings in Northwest Pipe were worth $213,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Northwest Pipe by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 707,209 shares of the industrial products company’s stock worth $12,178,000 after buying an additional 51,477 shares in the last quarter. Wells Fargo & Company MN raised its stake in Northwest Pipe by 67.4% in the first quarter. Wells Fargo & Company MN now owns 94,312 shares of the industrial products company’s stock worth $1,482,000 after buying an additional 37,964 shares in the last quarter. Acadian Asset Management LLC raised its stake in Northwest Pipe by 35.9% in the first quarter. Acadian Asset Management LLC now owns 106,258 shares of the industrial products company’s stock worth $1,668,000 after buying an additional 28,066 shares in the last quarter. Heartland Advisors Inc. raised its stake in Northwest Pipe by 5.4% in the first quarter. Heartland Advisors Inc. now owns 546,400 shares of the industrial products company’s stock worth $8,584,000 after buying an additional 27,800 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Northwest Pipe by 18.7% in the fourth quarter. Renaissance Technologies LLC now owns 176,400 shares of the industrial products company’s stock worth $3,038,000 after buying an additional 27,800 shares in the last quarter. 77.11% of the stock is currently owned by institutional investors.

Shares of Northwest Pipe Company (NWPX) opened at 17.09 on Thursday. The firm has a 50-day moving average price of $15.93 and a 200-day moving average price of $15.93. The firm has a market cap of $164.39 million, a price-to-earnings ratio of 299.82 and a beta of 1.33. Northwest Pipe Company has a 52-week low of $11.25 and a 52-week high of $19.55.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, August 2nd. The industrial products company reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.04. The company had revenue of $28.69 million for the quarter, compared to analysts’ expectations of $33 million. Northwest Pipe had a negative return on equity of 1.90% and a net margin of 0.45%. The firm’s quarterly revenue was down 31.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.65) earnings per share. Analysts predict that Northwest Pipe Company will post ($0.70) EPS for the current fiscal year.

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NWPX has been the topic of a number of analyst reports. Zacks Investment Research lowered Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $9.00 price target on shares of Northwest Pipe in a research report on Wednesday, April 12th.

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

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