Northwest Pipe (NASDAQ:NWPX) Position Lifted by American Century Companies Inc.

American Century Companies Inc. boosted its stake in Northwest Pipe (NASDAQ:NWPX - Free Report) by 35.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,479 shares of the industrial products company's stock after purchasing an additional 57,398 shares during the quarter. American Century Companies Inc. owned about 2.19% of Northwest Pipe worth $10,496,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Ellsworth Advisors LLC increased its stake in Northwest Pipe by 3.4% during the fourth quarter. Ellsworth Advisors LLC now owns 16,755 shares of the industrial products company's stock worth $809,000 after acquiring an additional 548 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of 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 purchasing an additional 601 shares during the period. AlphaQuest LLC acquired a new stake in Northwest Pipe during the 4th quarter worth approximately $31,000. Rhumbline Advisers raised its holdings in Northwest Pipe by 4.9% in the fourth quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company's stock valued at $732,000 after buying an additional 713 shares during the period. Finally, Stifel Financial Corp lifted its position in Northwest Pipe by 6.2% during the third quarter. Stifel Financial Corp now owns 13,202 shares of the industrial products company's stock valued at $596,000 after buying an additional 766 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

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

Northwest Pipe Stock Down 0.7 %

Shares of NASDAQ NWPX traded down $0.26 during trading on Monday, reaching $39.43. 98,412 shares of the stock were exchanged, compared to its average volume of 52,712. The company has a market capitalization of $391.74 million, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 2.85 and a beta of 0.94. The business's 50-day moving average price is $45.45 and its 200 day moving average price is $47.85. 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 twelve month low of $31.16 and a twelve month high of $57.76.

Insiders Place Their Bets

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 23,467 shares in the company, valued at $1,032,548. This trade represents a 4.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.30% of the stock is currently owned by company insiders.

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.