Northwest Pipe (NASDAQ:NWPX) Shares Sold by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC cut its holdings in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 4.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 289,953 shares of the industrial products company's stock after selling 12,466 shares during the quarter. Northwest Pipe accounts for 2.4% of Pacific Ridge Capital Partners LLC's holdings, making the stock its 4th largest position. Pacific Ridge Capital Partners LLC owned 2.92% of Northwest Pipe worth $9,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NWPX. Price T Rowe Associates Inc. MD increased its stake in Northwest Pipe by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,309 shares of the industrial products company's stock worth $462,000 after acquiring an additional 598 shares during the period. Foundry Partners LLC raised its stake in Northwest Pipe by 0.8% in the second quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company's stock valued at $5,977,000 after purchasing an additional 1,340 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Northwest Pipe by 9.7% during the first quarter. Janney Montgomery Scott LLC now owns 17,029 shares of the industrial products company's stock worth $591,000 after purchasing an additional 1,507 shares during the period. EntryPoint Capital LLC grew its stake in Northwest Pipe by 120.2% during the first quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company's stock worth $120,000 after buying an additional 1,890 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Northwest Pipe by 4.2% during the first quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company's stock worth $1,950,000 after buying an additional 2,281 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NWPX has been the subject of a number of recent analyst reports. StockNews.com raised shares of Northwest Pipe from a "hold" rating to a "buy" rating in a report on Monday, August 5th. Northland Securities raised their target price on Northwest Pipe from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, August 2nd.

Northwest Pipe Price Performance

NWPX traded up $2.42 on Friday, reaching $45.47. The stock had a trading volume of 78,594 shares, compared to its average volume of 43,101. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $450.84 million, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. Northwest Pipe has a fifty-two week low of $25.67 and a fifty-two week high of $46.25. The firm has a 50-day moving average of $41.38 and a 200-day moving average of $36.59.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.19. The business had revenue of $129.51 million during the quarter, compared to the consensus estimate of $119.76 million. Northwest Pipe had a return on equity of 7.34% and a net margin of 5.33%. As a group, sell-side analysts anticipate that Northwest Pipe will post 2.96 EPS for the current year.

Insider Activity

In related news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.37, for a total value of $42,370.00. Following the transaction, the vice president now directly owns 10,725 shares of the company's stock, valued at $454,418.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Miles Brittain sold 4,500 shares of the business's stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total value of $188,550.00. Following the transaction, the executive vice president now owns 25,858 shares in the company, valued at $1,083,450.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Megan A. Kendrick sold 1,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the sale, the vice president now directly owns 10,725 shares in the company, valued at approximately $454,418.25. The disclosure for this sale can be found here. 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.