Geode Capital Management LLC Has $1.50 Million Holdings in Northwest Pipe (NWPX)
Geode Capital Management LLC raised its stake in Northwest Pipe (NASDAQ:NWPX) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,229 shares of the industrial products company’s stock after buying an additional 3,037 shares during the quarter. Geode Capital Management LLC owned 0.81% of Northwest Pipe worth $1,497,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in Northwest Pipe by 26,137.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,183 shares of the industrial products company’s stock valued at $149,000 after buying an additional 9,148 shares during the period. Wells Fargo & Company MN lifted its stake in Northwest Pipe by 153.0% in the fourth quarter. Wells Fargo & Company MN now owns 13,016 shares of the industrial products company’s stock valued at $250,000 after buying an additional 7,871 shares during the period. California State Teachers Retirement System acquired a new position in Northwest Pipe in the second quarter valued at about $275,000. National Investment Services Inc. WI acquired a new position in Northwest Pipe in the fourth quarter valued at about $447,000. Finally, Chicago Equity Partners LLC acquired a new position in Northwest Pipe in the fourth quarter valued at about $459,000. 84.90% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on NWPX shares. DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a research note on Friday, March 2nd. ValuEngine lowered Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Wednesday, March 28th. Finally, Zacks Investment Research lowered Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st.
Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, February 28th. The industrial products company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.09. The company had revenue of $35.63 million for the quarter, compared to analyst estimates of $39.00 million. Northwest Pipe had a negative return on equity of 3.52% and a negative net margin of 7.65%. research analysts forecast that Northwest Pipe will post 0.28 EPS for the current year.
Northwest Pipe Profile
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.
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