Northwest Pipe (NASDAQ:NWPX) Shares Purchased by Dimensional Fund Advisors LP

Dec 31, 2023

Dimensional Fund Advisors LP lifted its stake in Northwest Pipe (NASDAQ:NWPX - Get Rating) by 3.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 753,286 shares of the industrial products company's stock after acquiring an additional 25,520 shares during the quarter. Dimensional Fund Advisors LP owned 7.59% of Northwest Pipe worth $25,386,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Northwest Pipe by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 468,022 shares of the industrial products company's stock worth $13,152,000 after buying an additional 1,769 shares during the period. State Street Corp increased its stake in Northwest Pipe by 0.9% during the 2nd quarter. State Street Corp now owns 181,492 shares of the industrial products company's stock worth $5,434,000 after buying an additional 1,705 shares during the period. KBC Group NV increased its stake in Northwest Pipe by 2.5% during the 3rd quarter. KBC Group NV now owns 130,883 shares of the industrial products company's stock worth $3,678,000 after buying an additional 3,164 shares during the period. Legal & General Group Plc increased its stake in Northwest Pipe by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 105,140 shares of the industrial products company's stock worth $3,148,000 after buying an additional 5,262 shares during the period. Finally, Wellington Management Group LLP increased its stake in Northwest Pipe by 28.6% during the 1st quarter. Wellington Management Group LLP now owns 101,023 shares of the industrial products company's stock worth $2,571,000 after buying an additional 22,495 shares during the period. 83.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:NWPX opened at $28.19 on Friday. Northwest Pipe has a 52 week low of $25.58 and a 52 week high of $40.60. The company's 50 day moving average is $28.20 and its two-hundred day moving average is $33.35. The company has a current ratio of 2.89, a quick ratio of 2.10 and a debt-to-equity ratio of 0.20. The company has a market cap of $281.90 million, a PE ratio of 9.46 and a beta of 0.86.

Northwest Pipe (NASDAQ:NWPX - Get Rating) last announced its quarterly earnings data on Wednesday, March 15th. The industrial products company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.10. Northwest Pipe had a net margin of 6.69% and a return on equity of 10.19%. The company had revenue of $106.83 million for the quarter, compared to the consensus estimate of $107.69 million. Equities analysts predict that Northwest Pipe will post 2.91 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the stock. TheStreet downgraded shares of Northwest Pipe from a "b" rating to a "c+" rating in a research note on Thursday, May 4th. StockNews.com began coverage on shares of Northwest Pipe in a research report on Thursday, May 18th. They issued a "hold" rating on the stock.

Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the following segments: Engineered Steel Pressure Pipe and Precast Infrastructure and Engineered Systems. The Engineered Steel Pressure Pipe segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.

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