Oberweis Asset Management Inc. Buys New Stake in Northwest Pipe (NWPX)

Oberweis Asset Management Inc. bought a new position in shares of Northwest Pipe (NASDAQ:NWPX) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 27,300 shares of the industrial products company’s stock, valued at approximately $636,000. Oberweis Asset Management Inc. owned 0.28% of Northwest Pipe at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of NWPX. BlackRock Inc. grew its position in shares of Northwest Pipe by 0.6% during the 3rd quarter. BlackRock Inc. now owns 677,020 shares of the industrial products company’s stock worth $13,370,000 after buying an additional 4,303 shares during the period. Royce & Associates LP grew its position in shares of Northwest Pipe by 2.1% during the 3rd quarter. Royce & Associates LP now owns 1,445,590 shares of the industrial products company’s stock worth $28,550,000 after buying an additional 30,135 shares during the period. First Wilshire Securities Management Inc. grew its position in shares of Northwest Pipe by 10.2% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 242,360 shares of the industrial products company’s stock worth $4,787,000 after buying an additional 22,504 shares during the period. Putnam Investments LLC acquired a new position in shares of Northwest Pipe during the 3rd quarter worth about $457,000. Finally, Vanguard Group Inc. grew its position in shares of Northwest Pipe by 4.0% during the 3rd quarter. Vanguard Group Inc. now owns 453,863 shares of the industrial products company’s stock worth $8,964,000 after buying an additional 17,362 shares during the period. Institutional investors own 80.91% of the company’s stock.

Northwest Pipe stock opened at $24.73 on Friday. The stock has a market cap of $237.54 million, a PE ratio of -38.05, a P/E/G ratio of 1.81 and a beta of 0.81. Northwest Pipe has a 1 year low of $16.52 and a 1 year high of $25.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.26 and a quick ratio of 3.95.

Northwest Pipe (NASDAQ:NWPX) last posted its earnings results on Wednesday, March 13th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. The company had revenue of $57.54 million during the quarter, compared to analyst estimates of $60.00 million. Northwest Pipe had a negative return on equity of 2.45% and a net margin of 11.98%. Equities analysts forecast that Northwest Pipe will post -0.3 EPS for the current year.

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About Northwest Pipe

Northwest Pipe Company manufactures engineered 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, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

Further Reading: Growth Stocks

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

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