Trexquant Investment LP purchased a new stake in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 12,257 shares of the industrial products company's stock, valued at approximately $592,000. Trexquant Investment LP owned 0.12% of Northwest Pipe at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of NWPX. AlphaQuest LLC purchased a new stake in shares of Northwest Pipe in the fourth quarter valued at about $31,000. Steward Partners Investment Advisory LLC purchased a new stake in Northwest Pipe in the 4th quarter valued at approximately $72,000. R Squared Ltd acquired a new stake in Northwest Pipe during the 4th quarter valued at $78,000. Quantbot Technologies LP grew its holdings in Northwest Pipe by 40.3% during the 4th quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company's stock valued at $101,000 after buying an additional 601 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Northwest Pipe during the fourth quarter worth $121,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, CFO Aaron Wilkins sold 1,000 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $44.00, for a total transaction of $44,000.00. Following the completion of the sale, the chief financial officer now directly owns 23,467 shares of the company's stock, valued at $1,032,548. The trade was a 4.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.30% of the company's stock.
Analysts Set New Price Targets
NWPX has been the subject of a number of recent research reports. StockNews.com cut Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Sidoti upgraded shares of Northwest Pipe to a "hold" rating in a report on Tuesday, February 25th. Finally, Northland Securities boosted their price objective on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd.
Check Out Our Latest Stock Report on Northwest Pipe
Northwest Pipe Trading Down 0.6 %
Northwest Pipe stock traded down $0.23 during trading on Wednesday, hitting $41.20. The company's stock had a trading volume of 53,283 shares, compared to its average volume of 53,857. The stock's fifty day moving average is $44.15 and its 200 day moving average is $47.65. Northwest Pipe has a 1-year low of $31.16 and a 1-year high of $57.76. The stock has a market capitalization of $409.32 million, a price-to-earnings ratio of 14.01, a P/E/G ratio of 2.85 and a beta of 0.94. 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
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Free Report)
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.
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