Cubist Systematic Strategies LLC Sells 8,998 Shares of Northwest Pipe (NASDAQ:NWPX)

Cubist Systematic Strategies LLC lessened its holdings in Northwest Pipe (NASDAQ:NWPX) by 65.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,673 shares of the industrial products company’s stock after selling 8,998 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Northwest Pipe were worth $226,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. American Century Companies Inc. increased its holdings in Northwest Pipe by 35.9% during the fourth quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company’s stock worth $10,496,000 after buying an additional 57,398 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Northwest Pipe by 198.1% during the fourth quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company’s stock worth $1,554,000 after buying an additional 21,400 shares during the last quarter. Illumine Investment Management LLC acquired a new position in Northwest Pipe during the fourth quarter worth $833,000. JPMorgan Chase & Co. increased its holdings in Northwest Pipe by 27.8% during the fourth quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company’s stock worth $3,478,000 after buying an additional 15,690 shares during the last quarter. Finally, Allworth Financial LP increased its holdings in Northwest Pipe by 64,926.1% during the fourth quarter. Allworth Financial LP now owns 14,956 shares of the industrial products company’s stock worth $746,000 after buying an additional 14,933 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Northwest Pipe Price Performance

NASDAQ:NWPX opened at $40.65 on Friday. Northwest Pipe has a one year low of $32.04 and a one year high of $57.76. The company has a market cap of $401.54 million, a P/E ratio of 13.83, a P/E/G ratio of 2.85 and a beta of 0.96. The firm’s fifty day moving average price is $41.12 and its two-hundred day moving average price is $47.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27.

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

Insider Activity at Northwest Pipe

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $44.00, for a total transaction of $44,000.00. Following the sale, the chief financial officer now directly owns 23,467 shares in the company, valued at $1,032,548. This represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Northwest Pipe 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.