WINTON GROUP Ltd Purchases Shares of 11,378 Northwest Pipe (NASDAQ:NWPX)

WINTON GROUP Ltd 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 Securities & Exchange Commission. The firm purchased 11,378 shares of the industrial products company's stock, valued at approximately $549,000. WINTON GROUP Ltd owned about 0.11% of Northwest Pipe at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. AlphaQuest LLC purchased a new position in shares of Northwest Pipe during the 4th quarter worth approximately $31,000. Quantbot Technologies LP purchased a new position in shares of Northwest Pipe during the third quarter worth $67,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Northwest Pipe during the fourth quarter worth $72,000. R Squared Ltd acquired a new stake in shares of Northwest Pipe in the fourth quarter valued at $78,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Northwest Pipe in the 4th quarter valued at $121,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Northwest Pipe

In related 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 transaction, the chief financial officer now owns 23,467 shares in the company, valued at approximately $1,032,548. The trade was a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 3.30% of the company's stock.

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Northwest Pipe Stock Down 2.6 %

NASDAQ NWPX traded down $1.07 during trading hours on Friday, hitting $39.69. 100,001 shares of the company were exchanged, compared to its average volume of 52,460. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. The firm has a market cap of $394.32 million, a price-to-earnings ratio of 13.50, a PEG ratio of 2.85 and a beta of 1.09. The company has a 50 day moving average of $45.63 and a two-hundred day moving average of $47.82. Northwest Pipe has a 52-week low of $31.16 and a 52-week high of $57.76.

Wall Street Analyst Weigh In

Several research firms have weighed in on NWPX. StockNews.com downgraded Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Sidoti raised shares of Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th. Finally, Northland Securities increased their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd.

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.