Northwest Pipe Company shares had a trading volume of 1,134 by the end of trading on Friday. Volume was down 97.29% under the stocks average daily volume.
Investors are more bearish on the company recently if you put credence in the change in short interest. The company experienced a rise in short interest between August 15, 2017 and August 31, 2017 of 7.46%. Short shares increased 38,637 over that period. Days to cover decreased 0.0 to 9.0 and the short interest percentage is 0.06% as of August 31.
The following firms have recently changed their position in NWPX. As of the end of the quarter Mark Sheptoff Financial Planning, LLC had sold 1 shares trimming its position 2.0%. The value in dollars decreased from $1,000 to $1,000 a change of $0 since the last quarter. As of quarter end Spot Trading L.l.c had disposed of a total of 62,648 shares trimming its stake by 89.9%. The value of the investment in (NWPX) went from $1,200,000 to $111,000 a change of 90.8% quarter over quarter.
Baird Financial Group, Inc. divested its investment by selling 2,300 shares a decrease of 4.5%. Baird Financial Group, Inc. currently owns 49,173 shares worth $800,000. The total value of its holdings decreased 1.1%. As of quarter end William Blair Investment Management, LLC had bought a total of 123,852 shares growing its holdings by 20.7%. The value of the investment in NWPX went from $9,415,000 to $11,758,000 increasing 24.9% for the reporting period.
The company is trading down by 1.36% percent from yesterday’s close. Shares last traded at $19.64 impressively higher than the 50 day moving average which is $17.80 and quite a bit higher than the 200 day moving average of $15.81. The 50 day moving average went up $1.84 or +10.37% whereas the 200 day moving average was up $3.83 or +24.22%.
The company’s P/E ratio is 344.56 and the market cap of the company is 188.92M. In the last earnings report the EPS was $0.06 and is projected to be $-0.40 for the current year with 9,619,000 shares outstanding. Analysts expect next quarter’s EPS will be $-0.01 with next year’s EPS projected to be $0.35.
Northwest Pipe Company, launched on March 31, 1966, is a manufacturer of engineered steel pipe water systems in North America. The Company operates through two segments: Water Transmission and Tubular Products. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities. The Tubular Products segment produces steel line pipe products for energy applications, and has a manufacturing facility located in Atchison, Kansas. The Company, through Water Transmission Group, produces engineered welded steel pipe products for use in water transmission applications. It also manufactures smaller diameter electric resistance welded (ERW) steel pipe through its Tubular Products Group. Its smaller diameter pipe is used for applications in the energy sector, as well as for structural, commercial and industrial uses. It serves a range of markets and its solutions-based products are used in applications, including water transmission, plant piping, tunnels and river crossings..