Global Retirement Partners LLC Sells 513 Shares of Northwest Pipe (NASDAQ:NWPX)

Global Retirement Partners LLC lowered its position in Northwest Pipe (NASDAQ:NWPX) by 16.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,597 shares of the industrial products company’s stock after selling 513 shares during the period. Global Retirement Partners LLC’s holdings in Northwest Pipe were worth $125,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NWPX. Assenagon Asset Management S.A. boosted its stake in Northwest Pipe by 7.5% in the third quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock valued at $2,396,000 after acquiring an additional 3,718 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Northwest Pipe by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock valued at $819,000 after purchasing an additional 549 shares during the last quarter. Summit Global Investments acquired a new stake in shares of Northwest Pipe in the 3rd quarter worth $262,000. Covestor Ltd grew its stake in Northwest Pipe by 1,857.6% during the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock worth $29,000 after buying an additional 613 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Northwest Pipe by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 52,686 shares of the industrial products company’s stock valued at $2,378,000 after buying an additional 8,576 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

Northwest Pipe Stock Down 10.7 %

Shares of NWPX stock opened at $42.88 on Friday. Northwest Pipe has a fifty-two week low of $28.57 and a fifty-two week high of $57.76. The firm has a market capitalization of $425.33 million, a PE ratio of 14.59, a P/E/G ratio of 2.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The stock’s 50-day simple moving average is $49.06 and its 200-day simple moving average is $47.94.

Analyst Ratings Changes

NWPX has been the subject of several recent analyst reports. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Northland Securities increased their price objective 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 shares of Northwest Pipe to a “hold” rating in a research note on Tuesday. Finally, Northland Capmk lowered shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $47.50.

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.