Kennedy Capital Management LLC Lowers Holdings in Northwest Pipe (NASDAQ:NWPX)

Kennedy Capital Management LLC reduced its position in Northwest Pipe (NASDAQ:NWPX - Free Report) by 68.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,584 shares of the industrial products company's stock after selling 34,278 shares during the quarter. Kennedy Capital Management LLC owned 0.16% of Northwest Pipe worth $752,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. AlphaQuest LLC bought a new stake in shares of Northwest Pipe in the 4th quarter valued at about $31,000. Steward Partners Investment Advisory LLC purchased a new stake in Northwest Pipe during the fourth quarter worth $72,000. R Squared Ltd bought a new stake in Northwest Pipe during the 4th quarter valued at $78,000. Quantbot Technologies LP increased its holdings in shares of Northwest Pipe by 40.3% in the 4th quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company's stock valued at $101,000 after acquiring an additional 601 shares during the period. Finally, Synergy Asset Management LLC bought a new position in shares of Northwest Pipe in the 4th quarter worth $121,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

Northwest Pipe Stock Up 0.5 %

Shares of NWPX traded up $0.22 during mid-day trading on Friday, hitting $41.42. 49,874 shares of the company traded hands, compared to its average volume of 54,281. The business has a 50 day moving average of $43.55 and a 200 day moving average of $47.61. The company has a market capitalization of $411.51 million, a PE ratio of 14.09, a price-to-earnings-growth ratio of 2.85 and a beta of 0.94. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 1-year low of $31.16 and a 1-year high of $57.76.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Northwest Pipe

In related news, CFO Aaron Wilkins sold 1,000 shares of the company's stock in a transaction 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.30% of the stock is currently owned by company 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.