Northwest Pipe (NASDAQ:NWPX) Shares Sold by Royce & Associates LP

Royce & Associates LP reduced its position in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 13.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 497,255 shares of the industrial products company's stock after selling 79,316 shares during the quarter. Royce & Associates LP owned 5.01% of Northwest Pipe worth $23,998,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its position in Northwest Pipe by 1.2% during the third quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company's stock worth $10,076,000 after purchasing an additional 2,657 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Northwest Pipe by 34.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company's stock worth $2,544,000 after buying an additional 14,374 shares during the period. Victory Capital Management Inc. lifted its position in shares of Northwest Pipe by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 52,686 shares of the industrial products company's stock valued at $2,378,000 after buying an additional 8,576 shares in the last quarter. Empowered Funds LLC grew its stake in Northwest Pipe by 5.0% in the 4th quarter. Empowered Funds LLC now owns 45,822 shares of the industrial products company's stock valued at $2,211,000 after acquiring an additional 2,170 shares during the period. Finally, Zacks Investment Management purchased a new stake in Northwest Pipe in the 3rd quarter worth $1,607,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

NWPX has been the topic of several research analyst reports. StockNews.com lowered shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Sidoti upgraded Northwest Pipe to a "hold" rating in a report on Tuesday, February 25th. Finally, Northland Securities increased their target price on Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, January 3rd.

Northwest Pipe Price Performance

Shares of Northwest Pipe stock traded down $0.29 during trading hours on Thursday, reaching $43.48. 56,581 shares of the company's stock were exchanged, compared to its average volume of 48,609. The business has a fifty day moving average of $47.16 and a two-hundred day moving average of $47.82. The company has a market capitalization of $431.97 million, a P/E ratio of 14.79, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. 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 1 year low of $31.16 and a 1 year high of $57.76.

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.