Credit Suisse AG Has $1.79 Million Position in Northwest Pipe Company (NASDAQ:NWPX)
Credit Suisse AG decreased its position in shares of Northwest Pipe Company (NASDAQ:NWPX) by 25.0% during the first quarter, Holdings Channel reports. 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’s holdings in Northwest Pipe were worth $1,791,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Northwest Pipe during the fourth quarter worth approximately $223,000. 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. 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. 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. Finally, 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. 77.11% of the stock is owned by institutional investors.
Northwest Pipe Company (NWPX) traded down 2.10% during mid-day 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 stock has a market capitalization of $161.12 million, a P/E ratio of 293.86 and a beta of 1.33. The firm has a 50-day moving average price of $15.97 and a 200-day moving average price of $15.93.
Northwest Pipe (NASDAQ:NWPX) last released its earnings results on Wednesday, August 2nd. The industrial products company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.04. The company had revenue of $28.69 million for the quarter, compared to analyst estimates of $33 million. Northwest Pipe had a negative return on equity of 1.90% and a net margin of 0.45%. Northwest Pipe’s quarterly revenue was down 31.8% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.65) EPS. Equities analysts predict that Northwest Pipe Company will post ($0.40) earnings per share for the current fiscal year.
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Separately, Zacks Investment Research lowered shares of Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th.
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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