Northwest Pipe (NASDAQ:NWPX) Holdings Trimmed by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC cut its holdings in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 16.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 198,728 shares of the industrial products company's stock after selling 39,570 shares during the quarter. Northwest Pipe comprises 2.2% of Pacific Ridge Capital Partners LLC's investment portfolio, making the stock its 7th biggest position. Pacific Ridge Capital Partners LLC owned about 2.00% of Northwest Pipe worth $9,591,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in shares of Northwest Pipe during the 3rd quarter worth approximately $67,000. BNP Paribas Financial Markets boosted its stake in Northwest Pipe by 241.6% during the third quarter. BNP Paribas Financial Markets now owns 7,707 shares of the industrial products company's stock worth $348,000 after buying an additional 5,451 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Northwest Pipe in the 3rd quarter valued at $264,000. Stifel Financial Corp increased its stake in shares of Northwest Pipe by 6.2% in the 3rd quarter. Stifel Financial Corp now owns 13,202 shares of the industrial products company's stock worth $596,000 after acquiring an additional 766 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Northwest Pipe during the 3rd quarter worth $944,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

Insider Activity at Northwest Pipe

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $44.00, for a total transaction of $44,000.00. Following the sale, the chief financial officer now directly owns 23,467 shares in the company, valued at $1,032,548. This represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by insiders.

Remove Ads

Wall Street Analysts Forecast Growth

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

Northwest Pipe Trading Down 2.0 %

Shares of NASDAQ:NWPX traded down $0.86 during midday trading on Friday, reaching $41.55. 67,706 shares of the company's stock were exchanged, compared to its average volume of 52,107. The stock has a market cap of $412.80 million, a price-to-earnings ratio of 14.13, a P/E/G ratio of 2.85 and a beta of 1.09. Northwest Pipe has a fifty-two week low of $31.16 and a fifty-two week high of $57.76. The firm's 50 day simple moving average is $46.51 and its two-hundred day simple moving average is $47.88. 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 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.