Bank of America Corp DE Has $557,000 Position in Northwest Pipe (NASDAQ:NWPX)

Bank of America Corp DE boosted its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 20.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,549 shares of the industrial products company’s stock after acquiring an additional 1,975 shares during the quarter. Bank of America Corp DE’s holdings in Northwest Pipe were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Hillsdale Investment Management Inc. boosted its position in shares of Northwest Pipe by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 44,855 shares of the industrial products company’s stock valued at $2,165,000 after acquiring an additional 200 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Northwest Pipe by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 319 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Northwest Pipe by 40.3% during the fourth quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 601 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Northwest Pipe during the fourth quarter valued at approximately $30,000. Finally, AlphaQuest LLC acquired a new stake in Northwest Pipe during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Sidoti raised Northwest Pipe to a “hold” rating in a report on Tuesday, February 25th.

Northwest Pipe Stock Up 0.1%

Shares of NASDAQ:NWPX opened at $39.54 on Wednesday. Northwest Pipe has a 52 week low of $32.04 and a 52 week high of $57.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The company’s fifty day moving average is $40.27 and its 200-day moving average is $45.51. The company has a market capitalization of $390.58 million, a PE ratio of 13.45, a P/E/G ratio of 2.85 and a beta of 0.91.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.14). The firm had revenue of $116.12 million during the quarter, compared to analyst estimates of $111.92 million. Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. Equities research analysts predict that Northwest Pipe will post 3.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Northwest Pipe

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the business’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $44.00, for a total value of $44,000.00. Following the transaction, the chief financial officer now owns 23,467 shares of the company’s stock, valued at approximately $1,032,548. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.30% of the company’s stock.

Northwest Pipe Company Profile

Northwest Pipe Company, together with its subsidiaries, engages in the manufacture and supply of water-related infrastructure products in North America. It operates in two segments, Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment offers large-diameter and high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.