Northwest Pipe (NASDAQ:NWPX) Position Trimmed by Summit Global Investments

Summit Global Investments trimmed its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 13.5% during the fourth quarter, Holdings Channel reports. The firm owned 5,027 shares of the industrial products company’s stock after selling 785 shares during the quarter. Summit Global Investments’ holdings in Northwest Pipe were worth $243,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Ellsworth Advisors LLC raised its stake in Northwest Pipe by 3.4% during the fourth quarter. Ellsworth Advisors LLC now owns 16,755 shares of the industrial products company’s stock worth $809,000 after acquiring an additional 548 shares during the period. AlphaQuest LLC acquired a new stake in shares of Northwest Pipe during the 4th quarter worth approximately $31,000. Rhumbline Advisers lifted its holdings in shares of Northwest Pipe by 4.9% in the 4th quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company’s stock worth $732,000 after purchasing an additional 713 shares during the last quarter. Stifel Financial Corp boosted its position in Northwest Pipe by 6.2% during the 3rd quarter. Stifel Financial Corp now owns 13,202 shares of the industrial products company’s stock valued at $596,000 after purchasing an additional 766 shares during the period. Finally, SG Americas Securities LLC boosted its position in Northwest Pipe by 33.8% during the 4th quarter. SG Americas Securities LLC now owns 4,908 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 1,241 shares during the period. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

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 value of $44,000.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Northwest Pipe Stock Down 0.8 %

Shares of Northwest Pipe stock opened at $43.52 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. Northwest Pipe has a 1-year low of $31.16 and a 1-year high of $57.76. The business’s fifty day moving average price is $46.92 and its two-hundred day moving average price is $47.90. The company has a market capitalization of $432.37 million, a P/E ratio of 14.80, a PEG ratio of 2.85 and a beta of 1.09.

About Northwest Pipe

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.