Northwest Pipe (NASDAQ:NWPX) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lowered its position in Northwest Pipe (NASDAQ:NWPX) by 5.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,426 shares of the industrial products company’s stock after selling 776 shares during the quarter. Stifel Financial Corp’s holdings in Northwest Pipe were worth $600,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in Northwest Pipe by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company’s stock worth $10,814,000 after purchasing an additional 801 shares during the period. American Century Companies Inc. boosted its position in Northwest Pipe by 35.9% in 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 buying an additional 57,398 shares during the last quarter. Invesco Ltd. increased its position in shares of Northwest Pipe by 10.9% during the fourth quarter. Invesco Ltd. now owns 74,218 shares of the industrial products company’s stock worth $3,582,000 after acquiring an additional 7,278 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Northwest Pipe by 27.8% during the fourth 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. Finally, Advisors Asset Management Inc. raised its stake in shares of Northwest Pipe by 13.6% in the 4th quarter. Advisors Asset Management Inc. now owns 45,916 shares of the industrial products company’s stock valued at $2,216,000 after purchasing an additional 5,481 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on NWPX shares. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Sidoti upgraded shares of Northwest Pipe to a “hold” rating in a research report on Tuesday, February 25th.

Northwest Pipe Stock Down 0.8%

NWPX stock opened at $38.24 on Monday. The company has a market capitalization of $377.73 million, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 52 week low of $32.04 and a 52 week high of $57.76. The firm’s 50-day moving average is $41.18 and its two-hundred day moving average is $47.18.

Northwest Pipe (NASDAQ:NWPX) last posted its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.14). The business had revenue of $116.12 million for the quarter, compared to the consensus estimate of $111.92 million. Northwest Pipe had a net margin of 6.12% and a return on equity of 8.47%. On average, analysts forecast that Northwest Pipe will post 3.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Aaron Wilkins sold 1,000 shares of the 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 in the company, valued at $1,032,548. This represents a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.30% of the company’s stock.

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.