JPMorgan Chase & Co. Has $3.48 Million Position in Northwest Pipe (NASDAQ:NWPX)

JPMorgan Chase & Co. increased its position in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 27.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,061 shares of the industrial products company's stock after purchasing an additional 15,690 shares during the period. JPMorgan Chase & Co. owned about 0.73% of Northwest Pipe worth $3,478,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC bought a new position in Northwest Pipe during the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC acquired a new position in Northwest Pipe in the fourth quarter worth $72,000. R Squared Ltd acquired a new position in Northwest Pipe during the 4th quarter worth about $78,000. Quantbot Technologies LP grew its holdings in Northwest Pipe by 40.3% during the 4th quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company's stock worth $101,000 after acquiring an additional 601 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in shares of Northwest Pipe in the fourth quarter worth about $121,000. 80.63% of the stock is owned by institutional investors.

Northwest Pipe Stock Down 0.3 %

Shares of NWPX traded down $0.14 during midday trading on Friday, hitting $42.10. The stock had a trading volume of 12,246 shares, compared to its average volume of 54,178. The firm has a market cap of $418.26 million, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 2.85 and a beta of 0.94. The company has a 50 day simple moving average of $42.72 and a two-hundred day simple moving average of $47.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. Northwest Pipe has a twelve month low of $31.16 and a twelve month high of $57.76.

Wall Street Analysts Forecast Growth

NWPX has been the subject of several research reports. Northland Securities lifted their target price on Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a research note on Friday, January 3rd. StockNews.com cut shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, Sidoti raised Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th.

Insider Transactions at Northwest Pipe

In other news, CFO Aaron Wilkins sold 1,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was 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 of the company's stock, valued at approximately $1,032,548. This represents a 4.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.

About Northwest Pipe

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.