Northwest Pipe (NASDAQ:NWPX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in Northwest Pipe (NASDAQ:NWPX) by 6.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,618 shares of the industrial products company’s stock after selling 3,145 shares during the quarter. Victory Capital Management Inc.’s holdings in Northwest Pipe were worth $1,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Foundry Partners LLC increased its position in shares of Northwest Pipe by 9.1% during the 3rd quarter. Foundry Partners LLC now owns 178,470 shares of the industrial products company’s stock worth $5,384,000 after purchasing an additional 14,815 shares during the last quarter. Gendell Jeffrey L increased its position in shares of Northwest Pipe by 67.5% during the 3rd quarter. Gendell Jeffrey L now owns 131,767 shares of the industrial products company’s stock worth $3,975,000 after purchasing an additional 53,118 shares during the last quarter. Advisors Asset Management Inc. grew its position in Northwest Pipe by 22.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 44,313 shares of the industrial products company’s stock valued at $1,337,000 after acquiring an additional 8,064 shares in the last quarter. Manchester Capital Management LLC acquired a new position in Northwest Pipe in the 3rd quarter valued at about $691,000. Finally, Janney Montgomery Scott LLC acquired a new position in Northwest Pipe in the 3rd quarter valued at about $420,000. 80.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on NWPX shares. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. TheStreet raised Northwest Pipe from a “c+” rating to a “b-” rating in a research report on Thursday, February 1st. Finally, DA Davidson lifted their target price on Northwest Pipe from $37.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th.

Northwest Pipe Stock Performance

Shares of NWPX opened at $35.71 on Friday. The stock has a 50-day simple moving average of $33.87 and a 200-day simple moving average of $30.57. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.40 and a current ratio of 3.56. The stock has a market capitalization of $354.06 million, a PE ratio of 15.00, a PEG ratio of 2.97 and a beta of 0.97. Northwest Pipe has a 1 year low of $25.67 and a 1 year high of $36.92.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.18. The business had revenue of $113.22 million during the quarter, compared to analysts’ expectations of $103.20 million. Northwest Pipe had a return on equity of 7.11% and a net margin of 5.22%. During the same quarter last year, the business posted $0.23 EPS. On average, analysts predict that Northwest Pipe will post 2.46 earnings per share for the current fiscal year.

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.