25,648 Shares in Northwest Pipe Company (NWPX) Acquired by TIAA CREF Investment Management LLC
TIAA CREF Investment Management LLC purchased a new stake in Northwest Pipe Company (NASDAQ:NWPX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 25,648 shares of the industrial products company’s stock, valued at approximately $417,000. TIAA CREF Investment Management LLC owned approximately 0.27% of Northwest Pipe at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in NWPX. Bank of New York Mellon Corp lifted its holdings in shares of Northwest Pipe by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 13,553 shares of the industrial products company’s stock valued at $213,000 after purchasing an additional 56 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of Northwest Pipe in the second quarter valued at about $256,000. Teachers Advisors LLC purchased a new stake in shares of Northwest Pipe in the second quarter valued at about $276,000. KBC Group NV lifted its holdings in shares of Northwest Pipe by 1.0% in the second quarter. KBC Group NV now owns 92,643 shares of the industrial products company’s stock valued at $1,506,000 after purchasing an additional 937 shares in the last quarter. Finally, Kennedy Capital Management Inc. lifted its holdings in shares of Northwest Pipe by 30.2% in the second quarter. Kennedy Capital Management Inc. now owns 128,706 shares of the industrial products company’s stock valued at $2,093,000 after purchasing an additional 29,839 shares in the last quarter. 84.05% of the stock is currently owned by institutional investors.
Northwest Pipe Company (NWPX) opened at $17.60 on Tuesday. Northwest Pipe Company has a 52-week low of $12.41 and a 52-week high of $21.11.
Northwest Pipe (NASDAQ:NWPX) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The firm had revenue of $38.80 million during the quarter, compared to analyst estimates of $40.00 million. Northwest Pipe had a negative net margin of 1.59% and a negative return on equity of 3.03%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. equities analysts forecast that Northwest Pipe Company will post -0.9 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Northwest Pipe from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Wednesday, August 9th.
Northwest Pipe Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.
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