Manchester Capital Management LLC Has $371,000 Stock Holdings in Northwest Pipe (NASDAQ:NWPX)

Manchester Capital Management LLC lifted its position in Northwest Pipe (NASDAQ:NWPX) by 80.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,710 shares of the industrial products company’s stock after buying an additional 4,760 shares during the quarter. Manchester Capital Management LLC owned about 0.11% of Northwest Pipe worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Byrne Asset Management LLC increased its position in Northwest Pipe by 17.3% during the fourth quarter. Byrne Asset Management LLC now owns 2,850 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 420 shares during the period. Global Retirement Partners LLC increased its holdings in Northwest Pipe by 48.9% in the 4th quarter. Global Retirement Partners LLC now owns 3,110 shares of the industrial products company’s stock valued at $91,000 after buying an additional 1,022 shares during the period. SG Americas Securities LLC increased its holdings in Northwest Pipe by 20.4% in the 4th quarter. SG Americas Securities LLC now owns 5,378 shares of the industrial products company’s stock valued at $163,000 after buying an additional 912 shares during the period. BNP Paribas Financial Markets increased its holdings in Northwest Pipe by 216.4% in the 1st quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company’s stock valued at $302,000 after buying an additional 5,954 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in Northwest Pipe by 11.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,522 shares of the industrial products company’s stock valued at $470,000 after buying an additional 1,585 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Friday, May 3rd.

Northwest Pipe Trading Up 2.4 %

NWPX stock traded up $0.83 during trading on Friday, hitting $35.40. The company had a trading volume of 13,267 shares, compared to its average volume of 41,892. The stock has a market cap of $351.17 million, a price-to-earnings ratio of 14.53, a PEG ratio of 2.55 and a beta of 0.98. The company has a quick ratio of 2.40, a current ratio of 3.56 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $34.28 and a 200-day moving average price of $32.28. Northwest Pipe has a 12 month low of $25.67 and a 12 month high of $36.92.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.18. The business had revenue of $113.22 million for the quarter, compared to analyst estimates of $103.20 million. Northwest Pipe had a return on equity of 7.11% and a net margin of 5.22%. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, analysts predict that Northwest Pipe will post 2.59 earnings per share for the current year.

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.