Russell Investments Group Ltd. Sells 19,830 Shares of Northwest Pipe (NASDAQ:NWPX)

Russell Investments Group Ltd. decreased its position in Northwest Pipe (NASDAQ:NWPX) by 42.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,007 shares of the industrial products company’s stock after selling 19,830 shares during the quarter. Russell Investments Group Ltd. owned 0.27% of Northwest Pipe worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in Northwest Pipe by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company’s stock worth $10,814,000 after purchasing an additional 801 shares during the period. American Century Companies Inc. grew its stake in shares of Northwest Pipe by 35.9% in the fourth quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company’s stock worth $10,496,000 after purchasing an additional 57,398 shares during the last quarter. JPMorgan Chase & Co. raised its position in Northwest Pipe by 27.8% during the 4th quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company’s stock valued at $3,478,000 after purchasing an additional 15,690 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Northwest Pipe by 13.6% in the 4th quarter. Advisors Asset Management Inc. now owns 45,916 shares of the industrial products company’s stock worth $2,216,000 after buying an additional 5,481 shares during the period. Finally, Empowered Funds LLC increased its position in Northwest Pipe by 5.0% during the 4th quarter. Empowered Funds LLC now owns 45,822 shares of the industrial products company’s stock valued at $2,211,000 after purchasing an additional 2,170 shares during the period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Insider Transactions at Northwest Pipe

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 shares were 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 of the company’s stock, valued at approximately $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 accessible through the SEC website. Company insiders own 3.30% of the company’s stock.

Northwest Pipe Trading Up 0.5 %

Shares of NASDAQ:NWPX opened at $41.42 on Monday. The stock’s fifty day moving average price is $43.55 and its 200-day moving average price is $47.61. The company has a market cap of $411.51 million, a P/E ratio of 14.09, a PEG ratio of 2.85 and a beta of 0.94. Northwest Pipe has a 1 year low of $31.16 and a 1 year high of $57.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27.

Analysts Set New Price Targets

NWPX has been the subject of several research analyst reports. Northland Securities raised their price objective 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. Sidoti raised shares of Northwest Pipe to a “hold” rating in a research report on Tuesday, February 25th. Finally, StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

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.