Northwest Pipe (NASDAQ:NWPX) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in shares of Northwest Pipe (NASDAQ:NWPX) by 241.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,707 shares of the industrial products company’s stock after acquiring an additional 5,451 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.08% of Northwest Pipe worth $348,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Covestor Ltd raised its holdings in shares of Northwest Pipe by 1,857.6% during the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 613 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Northwest Pipe in the third quarter valued at approximately $67,000. SG Americas Securities LLC acquired a new stake in shares of Northwest Pipe in the third quarter valued at approximately $165,000. Semanteon Capital Management LP acquired a new stake in shares of Northwest Pipe in the third quarter valued at approximately $230,000. Finally, Summit Global Investments acquired a new stake in shares of Northwest Pipe in the third quarter valued at approximately $262,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Insiders Place Their Bets

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total transaction of $44,220.00. Following the completion of the sale, the vice president now owns 9,725 shares of the company’s stock, valued at $430,039.50. This trade represents a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 2,300 shares of company stock valued at $102,520 over the last quarter. 3.30% of the stock is owned by insiders.

Analyst Ratings Changes

NWPX has been the subject of several recent research reports. Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Northland Securities cut Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a report on Friday, November 1st. Finally, StockNews.com cut Northwest Pipe from a “buy” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Northwest Pipe has a consensus rating of “Hold” and a consensus price target of $45.00.

Northwest Pipe Price Performance

NWPX stock opened at $52.84 on Friday. The business has a fifty day moving average of $50.48 and a two-hundred day moving average of $42.71. 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 stock has a market cap of $524.17 million, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 3.25 and a beta of 1.02. Northwest Pipe has a 52-week low of $27.89 and a 52-week high of $57.76.

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.