Northwest Pipe (NASDAQ:NWPX) Shares Sold by DDD Partners LLC

DDD Partners LLC reduced its stake in Northwest Pipe (NASDAQ:NWPX - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 451,609 shares of the industrial products company's stock after selling 5,620 shares during the quarter. Northwest Pipe accounts for 2.7% of DDD Partners LLC's investment portfolio, making the stock its 15th largest position. DDD Partners LLC owned 4.55% of Northwest Pipe worth $21,795,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Covestor Ltd lifted its position in shares of Northwest Pipe by 1,857.6% during the third quarter. Covestor Ltd now owns 646 shares of the industrial products company's stock worth $29,000 after purchasing an additional 613 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Northwest Pipe during the 3rd quarter worth approximately $67,000. R Squared Ltd purchased a new position in Northwest Pipe in the 4th quarter valued at approximately $78,000. Synergy Asset Management LLC acquired a new position in shares of Northwest Pipe in the fourth quarter worth $121,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Northwest Pipe during the third quarter worth $165,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

Northwest Pipe Stock Down 4.3 %

NASDAQ NWPX traded down $2.28 during trading on Wednesday, reaching $50.86. 56,093 shares of the company's stock were exchanged, compared to its average volume of 79,809. Northwest Pipe has a 1 year low of $28.52 and a 1 year high of $57.76. The stock has a market cap of $504.48 million, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 3.02 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The company has a 50 day moving average price of $49.66 and a two-hundred day moving average price of $47.64.

Analysts Set New Price Targets

NWPX has been the subject of a number of recent research reports. StockNews.com lowered Northwest Pipe from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Northland Capmk downgraded Northwest Pipe from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 1st. Finally, Northland Securities upped their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd.

Northwest Pipe 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.