Heartland Advisors Inc. Decreases Stock Position in Northwest Pipe (NASDAQ:NWPX)

Heartland Advisors Inc. decreased its holdings in Northwest Pipe (NASDAQ:NWPX) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,700 shares of the industrial products company’s stock after selling 40,300 shares during the period. Heartland Advisors Inc. owned 3.29% of Northwest Pipe worth $15,767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. raised its stake in shares of Northwest Pipe by 35.9% during the 4th quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company’s stock valued at $10,496,000 after purchasing an additional 57,398 shares during the period. Zacks Investment Management purchased a new position in Northwest Pipe during the 3rd quarter valued at about $1,607,000. Jane Street Group LLC bought a new stake in shares of Northwest Pipe during the third quarter valued at about $944,000. Illumine Investment Management LLC purchased a new stake in shares of Northwest Pipe in the fourth quarter worth about $833,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Northwest Pipe by 27.8% in the fourth quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company’s stock valued at $3,478,000 after acquiring an additional 15,690 shares during the period. Institutional investors own 80.63% of the company’s stock.

Northwest Pipe Stock Down 1.0 %

NWPX opened at $42.41 on Friday. 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 business’s fifty day simple moving average is $46.67 and its 200 day simple moving average is $47.83. Northwest Pipe has a 52 week low of $31.16 and a 52 week high of $57.76. The stock has a market cap of $421.34 million, a PE ratio of 14.43, a P/E/G ratio of 2.85 and a beta of 1.09.

Insider Activity at Northwest Pipe

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

Wall Street Analyst Weigh In

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

Northwest Pipe Company 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.