Russell Investments Group Ltd. Cuts Stock Position in Northwest Pipe (NASDAQ:NWPX)

Russell Investments Group Ltd. decreased its stake in Northwest Pipe (NASDAQ:NWPX - Free Report) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,007 shares of the industrial products company's stock after selling 19,830 shares during the quarter. Russell Investments Group Ltd. owned about 0.27% of Northwest Pipe worth $1,303,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hillsdale Investment Management Inc. increased its stake in Northwest Pipe by 0.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 44,855 shares of the industrial products company's stock worth $2,165,000 after purchasing an additional 200 shares during the period. Ellsworth Advisors LLC increased its stake in Northwest Pipe by 3.4% in the 4th quarter. Ellsworth Advisors LLC now owns 16,755 shares of the industrial products company's stock worth $809,000 after buying an additional 548 shares during the period. Quantbot Technologies LP increased its stake in Northwest Pipe by 40.3% in the 4th quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company's stock worth $101,000 after buying an additional 601 shares during the period. AlphaQuest LLC bought a new stake in Northwest Pipe during the 4th quarter valued at about $31,000. Finally, Rhumbline Advisers boosted its position in Northwest Pipe by 4.9% in the 4th 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. Institutional investors own 80.63% of the company's stock.

Insider Buying and Selling

In other news, CFO Aaron Wilkins sold 1,000 shares of Northwest Pipe stock in a transaction on 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 directly owns 23,467 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 3.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on NWPX shares. Sidoti raised shares of Northwest Pipe to a "hold" rating in a research note 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 increased their price target on Northwest Pipe from $50.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd.

Northwest Pipe Stock Down 0.7 %

Shares of NWPX traded down $0.28 during mid-day trading on Friday, hitting $41.96. The company's stock had a trading volume of 5,085 shares, compared to its average volume of 54,147. The firm has a market capitalization of $416.87 million, a price-to-earnings ratio of 14.27, a PEG ratio of 2.85 and a beta of 0.94. The company's 50-day moving average is $42.72 and its 200-day moving average is $47.49. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 52-week low of $31.16 and a 52-week high of $57.76.

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.