BNP Paribas Arbitrage SA Grows Holdings in Northwest Pipe (NASDAQ:NWPX)

BNP Paribas Arbitrage SA grew its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 28.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,960 shares of the industrial products company’s stock after buying an additional 653 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Northwest Pipe were worth $66,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NWPX. Bank of Montreal Can lifted its stake in Northwest Pipe by 42.8% during the fourth quarter. Bank of Montreal Can now owns 1,204 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 361 shares during the last quarter. Citigroup Inc. lifted its stake in Northwest Pipe by 45.6% during the fourth quarter. Citigroup Inc. now owns 1,918 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 601 shares during the last quarter. Marshall Wace North America L.P. bought a new position in Northwest Pipe during the fourth quarter worth $42,000. Meeder Asset Management Inc. bought a new position in Northwest Pipe during the fourth quarter worth $45,000. Finally, Rhumbline Advisers lifted its stake in Northwest Pipe by 13.2% during the first quarter. Rhumbline Advisers now owns 17,291 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 2,020 shares during the last quarter. Institutional investors own 81.97% of the company’s stock.

In other news, Director Michelle Galanter Applebaum sold 4,126 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $25.58, for a total transaction of $105,543.08. Following the transaction, the director now directly owns 18,317 shares of the company’s stock, valued at $468,548.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on NWPX shares. ValuEngine cut Northwest Pipe from a “sell” rating to a “strong sell” rating in a research note on Friday, May 29th. Zacks Investment Research lowered Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Wednesday, May 13th. Finally, BidaskClub lowered Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Northwest Pipe presently has a consensus rating of “Hold” and a consensus target price of $36.00.

Shares of NASDAQ NWPX opened at $24.33 on Wednesday. Northwest Pipe has a 1-year low of $18.04 and a 1-year high of $36.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.10 and a quick ratio of 3.16. The business’s fifty day moving average price is $23.87 and its two-hundred day moving average price is $27.95. The firm has a market capitalization of $243.77 million, a PE ratio of 9.04 and a beta of 0.95.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings results on Thursday, May 7th. The industrial products company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05. The company had revenue of $68.92 million for the quarter, compared to analyst estimates of $67.00 million. Northwest Pipe had a return on equity of 11.42% and a net margin of 9.21%. Equities research analysts expect that Northwest Pipe will post 2.03 earnings per share for the current fiscal year.

Northwest Pipe Company Profile

Northwest Pipe Company manufactures engineered welded steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, water and wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

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

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