Zacks Investment Management Buys 7,036 Shares of Northwest Pipe (NASDAQ:NWPX)

Zacks Investment Management grew its holdings in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 19.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,641 shares of the industrial products company's stock after purchasing an additional 7,036 shares during the quarter. Zacks Investment Management owned about 0.43% of Northwest Pipe worth $2,058,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. AlphaQuest LLC bought a new position in Northwest Pipe in the 4th quarter worth approximately $31,000. Steward Partners Investment Advisory LLC bought a new position in Northwest Pipe in the 4th quarter worth approximately $72,000. R Squared Ltd bought a new position in Northwest Pipe in the 4th quarter worth approximately $78,000. Quantbot Technologies LP boosted its holdings 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. Finally, Synergy Asset Management LLC bought a new position in Northwest Pipe in the 4th quarter worth approximately $121,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

Insider Activity

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 23,467 shares of the company's stock, valued at $1,032,548. This represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.30% of the company's stock.

Analyst Ratings Changes

NWPX has been the subject of several analyst reports. Sidoti raised shares of Northwest Pipe to a "hold" rating in a report on Tuesday, February 25th. StockNews.com cut shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. 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 research note on Friday, January 3rd.

Northwest Pipe Price Performance

NASDAQ NWPX traded up $0.45 on Thursday, hitting $41.95. The stock had a trading volume of 23,260 shares, compared to its average volume of 80,548. Northwest Pipe has a 52-week low of $31.16 and a 52-week high of $57.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The company has a market capitalization of $416.77 million, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 2.85 and a beta of 0.94. The firm has a 50-day moving average of $42.92 and a 200-day moving average of $47.50.

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.