Boston Partners Trims Stake in Northwest Pipe (NASDAQ:NWPX)

Boston Partners lowered its position in Northwest Pipe (NASDAQ:NWPX - Free Report) by 68.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,213 shares of the industrial products company's stock after selling 11,520 shares during the period. Boston Partners owned 0.05% of Northwest Pipe worth $252,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of NWPX. Jane Street Group LLC bought a new position in Northwest Pipe in the 3rd quarter valued at $944,000. JPMorgan Chase & Co. boosted its stake in Northwest Pipe by 34.2% in the third quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company's stock valued at $2,544,000 after acquiring an additional 14,374 shares during the last quarter. Barclays PLC grew its holdings in Northwest Pipe by 272.8% during the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company's stock worth $586,000 after acquiring an additional 9,514 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Northwest Pipe during the 4th quarter valued at $381,000. Finally, AlphaQuest LLC acquired a new position in shares of Northwest Pipe in the 4th quarter valued at $31,000. 80.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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Insider Buying and Selling

In other news, CFO Aaron Wilkins sold 1,000 shares of Northwest Pipe stock in a transaction dated 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 transaction, the chief financial officer now owns 23,467 shares of the company's stock, valued at $1,032,548. This trade represents a 4.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.30% of the stock is owned by corporate insiders.

Northwest Pipe Trading Down 1.0 %

NWPX stock traded down $0.41 during midday trading on Thursday, hitting $42.41. 68,948 shares of the company's stock were exchanged, compared to its average volume of 50,238. Northwest Pipe has a one year low of $31.16 and a one year high of $57.76. The stock's fifty day moving average price is $46.81 and its 200-day moving average price is $47.86. The company has a market cap of $421.34 million, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20.

Northwest Pipe 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.