Northwest Pipe (NASDAQ:NWPX) Position Decreased by First Wilshire Securities Management Inc.

First Wilshire Securities Management Inc. decreased its position in Northwest Pipe (NASDAQ:NWPX - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 285,154 shares of the industrial products company's stock after selling 7,727 shares during the quarter. Northwest Pipe makes up 3.7% of First Wilshire Securities Management Inc.'s portfolio, making the stock its 9th biggest position. First Wilshire Securities Management Inc. owned approximately 2.87% of Northwest Pipe worth $13,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in shares of Northwest Pipe during the fourth quarter valued at approximately $592,000. Geode Capital Management LLC increased its position in Northwest Pipe by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company's stock valued at $10,814,000 after buying an additional 801 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Northwest Pipe by 27.8% during the fourth quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company's stock valued at $3,478,000 after buying an additional 15,690 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Northwest Pipe in the fourth quarter worth $549,000. Finally, Prudential Financial Inc. grew its stake in shares of Northwest Pipe by 5.6% in the fourth quarter. Prudential Financial Inc. now owns 36,025 shares of the industrial products company's stock worth $1,739,000 after acquiring an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts recently issued reports on NWPX shares. Northland Securities upped their price target 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. StockNews.com downgraded shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Sidoti raised shares of Northwest Pipe to a "hold" rating in a research report on Tuesday, February 25th.

Northwest Pipe Stock Performance

Shares of Northwest Pipe stock traded down $1.07 during trading on Friday, hitting $39.69. 100,001 shares of the company's stock traded hands, compared to its average volume of 52,530. Northwest Pipe has a 1 year low of $31.16 and a 1 year high of $57.76. The business has a 50-day simple moving average of $45.63 and a 200-day simple moving average of $47.85. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. The stock has a market capitalization of $394.32 million, a P/E ratio of 13.50, a PEG ratio of 2.85 and a beta of 0.94.

Insider Activity

In other news, CFO Aaron Wilkins sold 1,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $44.00, for a total transaction of $44,000.00. Following the transaction, the chief financial officer now directly owns 23,467 shares of the company's stock, valued at $1,032,548. This represents a 4.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.30% of the company's stock.

Northwest Pipe Company 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.