Bailard Inc. Cuts Stake in Northwest Pipe (NASDAQ:NWPX)

Bailard Inc. cut its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 15.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,408 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Bailard Inc. owned 0.05% of Northwest Pipe worth $261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of Northwest Pipe in the third quarter valued at $944,000. JPMorgan Chase & Co. raised its position in Northwest Pipe by 34.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 14,374 shares in the last quarter. Barclays PLC boosted its stake in shares of Northwest Pipe by 272.8% in the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock valued at $586,000 after buying an additional 9,514 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Northwest Pipe during the fourth quarter worth about $381,000. Finally, Geode Capital Management LLC grew its position in shares of Northwest Pipe by 1.2% during the third quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company’s stock worth $10,076,000 after buying an additional 2,657 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NWPX. Northland Securities raised their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Sidoti upgraded shares of Northwest Pipe to a “hold” rating in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.50.

Northwest Pipe Price Performance

NWPX stock opened at $41.78 on Thursday. The business has a 50 day moving average price of $48.64 and a 200 day moving average price of $48.07. 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 stock has a market cap of $414.42 million, a price-to-earnings ratio of 14.21, a PEG ratio of 2.85 and a beta of 1.05. Northwest Pipe has a fifty-two week low of $29.50 and a fifty-two week high of $57.76.

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.