Northwest Pipe (NASDAQ:NWPX) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN trimmed its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 23.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,677 shares of the industrial products company’s stock after selling 4,084 shares during the period. Wells Fargo & Company MN owned about 0.14% of Northwest Pipe worth $660,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. AlphaQuest LLC acquired a new position in shares of Northwest Pipe during the 4th quarter valued at $31,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Northwest Pipe during the fourth quarter worth about $72,000. R Squared Ltd purchased a new stake in shares of Northwest Pipe in the fourth quarter worth about $78,000. Quantbot Technologies LP boosted its position in shares of Northwest Pipe by 40.3% in the fourth 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 acquired a new stake in shares of Northwest Pipe in the fourth quarter valued at about $121,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on NWPX. Northland Securities lifted their price target 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. Sidoti raised Northwest Pipe to a “hold” rating in a research report on Tuesday, February 25th. Finally, StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

Insider Buying and Selling

In related news, CFO Aaron Wilkins sold 1,000 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $44.00, for a total transaction of $44,000.00. Following the sale, the chief financial officer now owns 23,467 shares in the company, valued at $1,032,548. This represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.30% of the stock is currently owned by company insiders.

Northwest Pipe Stock Performance

Shares of Northwest Pipe stock opened at $39.74 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. Northwest Pipe has a 1 year low of $31.77 and a 1 year high of $57.76. The firm’s 50-day simple moving average is $41.95 and its 200-day simple moving average is $47.42. The firm has a market cap of $394.82 million, a PE ratio of 13.52, a price-to-earnings-growth ratio of 2.85 and a beta of 0.94.

Northwest Pipe (NASDAQ:NWPX) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.14). The firm had revenue of $116.12 million for the quarter, compared to analyst estimates of $111.92 million. Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. Equities analysts forecast that Northwest Pipe will post 3.32 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.