Integrated Quantitative Investments LLC Buys Shares of 6,971 Northwest Pipe (NASDAQ:NWPX)

Integrated Quantitative Investments LLC purchased a new position in Northwest Pipe (NASDAQ:NWPX) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,971 shares of the industrial products company’s stock, valued at approximately $336,000. Integrated Quantitative Investments LLC owned 0.07% of Northwest Pipe at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Trexquant Investment LP acquired a new stake in Northwest Pipe in the fourth quarter worth approximately $592,000. Geode Capital Management LLC raised its stake in shares of Northwest Pipe by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company’s stock worth $10,814,000 after buying an additional 801 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Northwest Pipe by 27.8% in the 4th quarter. JPMorgan Chase & Co. now owns 72,061 shares of the industrial products company’s stock worth $3,478,000 after buying an additional 15,690 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Northwest Pipe in the fourth quarter valued at $549,000. Finally, Prudential Financial Inc. boosted its stake in Northwest Pipe by 5.6% during the fourth quarter. Prudential Financial Inc. now owns 36,025 shares of the industrial products company’s stock valued at $1,739,000 after buying an additional 1,900 shares in the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

Northwest Pipe Trading Down 2.6 %

Shares of NWPX opened at $39.69 on Friday. The business’s 50-day moving average price is $45.63 and its 200 day moving average price is $47.82. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $394.32 million, a P/E ratio of 13.50, a P/E/G ratio of 2.85 and a beta of 1.09. Northwest Pipe has a 1-year low of $31.16 and a 1-year high of $57.76.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NWPX shares. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Sidoti raised shares of Northwest Pipe to a “hold” rating in a research note on Tuesday, February 25th. Finally, 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 report on Friday, January 3rd.

Insiders Place Their Bets

In other news, CFO Aaron Wilkins sold 1,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $44.00, for a total value of $44,000.00. Following the completion of the sale, the chief financial officer now owns 23,467 shares of the company’s stock, valued at $1,032,548. This trade represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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.