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

Foundry Partners LLC trimmed its position in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 12.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 153,645 shares of the industrial products company's stock after selling 22,440 shares during the quarter. Foundry Partners LLC owned approximately 1.55% of Northwest Pipe worth $7,415,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. AlphaQuest LLC purchased a new stake in shares of Northwest Pipe during the fourth quarter worth $31,000. Quantbot Technologies LP purchased a new stake in Northwest Pipe during the 3rd quarter valued at about $67,000. Steward Partners Investment Advisory LLC acquired a new stake in Northwest Pipe in the 4th quarter valued at about $72,000. R Squared Ltd purchased a new position in Northwest Pipe in the 4th quarter worth approximately $78,000. Finally, Synergy Asset Management LLC purchased a new position in Northwest Pipe in the 4th quarter worth approximately $121,000. 80.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Aaron Wilkins sold 1,000 shares of Northwest Pipe stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $44.00, for a total value of $44,000.00. Following the completion of the sale, the chief financial officer now owns 23,467 shares in the company, valued at approximately $1,032,548. This trade represents a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Northland Securities increased their price target on Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Sidoti raised Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th. Finally, StockNews.com lowered Northwest Pipe from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th.

Northwest Pipe Trading Down 0.7 %

Shares of NASDAQ NWPX traded down $0.26 during midday trading on Monday, reaching $39.43. 98,412 shares of the stock were exchanged, compared to its average volume of 52,712. The stock has a market capitalization of $391.74 million, a P/E ratio of 13.41, a PEG ratio of 2.85 and a beta of 0.94. 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 simple moving average of $45.63 and a 200 day simple moving average of $47.88. Northwest Pipe has a twelve month low of $31.16 and a twelve month high of $57.76.

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.