Vanguard Group Inc. Decreases Holdings in Northwest Pipe (NASDAQ:NWPX)

Vanguard Group Inc. cut its stake in Northwest Pipe (NASDAQ:NWPX) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 518,831 shares of the industrial products company’s stock after selling 10,227 shares during the quarter. Vanguard Group Inc. owned about 5.23% of Northwest Pipe worth $25,039,000 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. Jane Street Group LLC acquired a new position in Northwest Pipe during the 3rd quarter worth approximately $944,000. JPMorgan Chase & Co. lifted its position in shares of Northwest Pipe by 34.2% during the third quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock worth $2,544,000 after purchasing an additional 14,374 shares in the last quarter. Barclays PLC boosted its stake in shares of Northwest Pipe by 272.8% in the third quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock valued at $586,000 after purchasing an additional 9,514 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Northwest Pipe during the 4th quarter valued at $381,000. Finally, AlphaQuest LLC purchased a new stake in Northwest Pipe during the 4th quarter worth $31,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Northwest Pipe Stock Performance

Shares of NASDAQ NWPX opened at $41.43 on Wednesday. The stock’s fifty day simple moving average is $44.15 and its 200 day simple moving average is $47.65. The stock has a market capitalization of $411.61 million, a price-to-earnings ratio of 14.09, a PEG ratio of 2.85 and a beta of 0.94. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 52-week low of $31.16 and a 52-week high of $57.76.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Northland Securities upped their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Sidoti upgraded Northwest Pipe to a “hold” rating in a report on Tuesday, February 25th.

Insider Activity

In other news, CFO Aaron Wilkins sold 1,000 shares of Northwest Pipe stock in a transaction dated Monday, March 24th. The stock was 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 in the company, 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 can be accessed through this link. 3.30% of the stock is owned by corporate insiders.

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.