Northwest Pipe (NASDAQ:NWPX) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 10.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 40,435 shares of the industrial products company’s stock after selling 4,958 shares during the period. Advisors Asset Management Inc.’s holdings in Northwest Pipe were worth $1,825,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Northwest Pipe by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 506,110 shares of the industrial products company’s stock valued at $17,552,000 after buying an additional 8,924 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Northwest Pipe during the first quarter worth about $400,000. Lazard Asset Management LLC acquired a new stake in shares of Northwest Pipe in the first quarter valued at approximately $95,000. Price T Rowe Associates Inc. MD raised its stake in Northwest Pipe by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,309 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 598 shares in the last quarter. Finally, Silver Lake Advisory LLC bought a new stake in shares of Northwest Pipe during the second quarter valued at about $743,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Northland Securities downgraded Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a research report on Friday, November 1st. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Northland Capmk downgraded Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.00.

Northwest Pipe Trading Up 2.0 %

Shares of NASDAQ NWPX opened at $56.29 on Monday. The business has a 50 day simple moving average of $47.00 and a 200 day simple moving average of $40.68. Northwest Pipe has a 52 week low of $25.81 and a 52 week high of $56.37. The stock has a market cap of $558.40 million, a price-to-earnings ratio of 19.15, a PEG ratio of 3.33 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20.

Insider Buying and Selling

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the completion of the sale, the vice president now directly owns 10,725 shares in the company, valued at $454,418.25. This represents a 8.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Miles Brittain sold 4,500 shares of Northwest Pipe stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total value of $188,550.00. Following the completion of the transaction, the executive vice president now directly owns 25,858 shares in the company, valued at approximately $1,083,450.20. This represents a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,800 shares of company stock worth $291,070. Corporate insiders own 3.30% of the company’s stock.

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.