Northwest Pipe (NASDAQ:NWPX) Position Lowered by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC decreased its position in Northwest Pipe (NASDAQ:NWPX - Free Report) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 198,728 shares of the industrial products company's stock after selling 39,570 shares during the quarter. Northwest Pipe makes up 2.2% of Pacific Ridge Capital Partners LLC's portfolio, making the stock its 7th biggest position. Pacific Ridge Capital Partners LLC owned approximately 2.00% of Northwest Pipe worth $9,591,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. AlphaQuest LLC bought a new stake in Northwest Pipe during the fourth quarter worth about $31,000. Quantbot Technologies LP bought a new stake in shares of Northwest Pipe in the 3rd quarter worth approximately $67,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Northwest Pipe in the 4th quarter worth approximately $72,000. R Squared Ltd bought a new position in Northwest Pipe during the 4th quarter valued at approximately $78,000. Finally, Synergy Asset Management LLC bought a new position in Northwest Pipe during the 4th quarter valued at approximately $121,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

Insiders Place Their Bets

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the stock in a transaction dated 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 owns 23,467 shares of the company's stock, valued at approximately $1,032,548. This represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by insiders.

Northwest Pipe Stock Performance

Shares of NASDAQ:NWPX traded down $0.52 during midday trading on Monday, reaching $41.03. 9,207 shares of the company's stock traded hands, compared to its average volume of 51,957. 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 has a one year low of $31.16 and a one year high of $57.76. The company has a market cap of $407.63 million, a price-to-earnings ratio of 13.90, a P/E/G ratio of 2.85 and a beta of 1.09. The stock has a 50 day moving average of $46.51 and a 200 day moving average of $47.93.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NWPX. Northland Securities increased their target price 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. Sidoti upgraded 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 research note on Tuesday, January 14th.

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.