Sherbrooke Park Advisers LLC Reduces Stock Position in Northwest Pipe (NASDAQ:NWPX)

Sherbrooke Park Advisers LLC reduced its position in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 52.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,759 shares of the industrial products company's stock after selling 7,460 shares during the period. Sherbrooke Park Advisers LLC owned 0.07% of Northwest Pipe worth $326,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Aquatic Capital Management LLC bought a new position in Northwest Pipe in the fourth quarter worth about $30,000. AlphaQuest LLC bought a new position in Northwest Pipe in the fourth quarter worth about $31,000. Point72 Asset Management L.P. bought a new position in shares of Northwest Pipe during the fourth quarter valued at approximately $53,000. Tower Research Capital LLC TRC increased its stake in shares of Northwest Pipe by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 319 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Northwest Pipe during the fourth quarter valued at approximately $72,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Sidoti raised shares of Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th.

Northwest Pipe Stock Down 0.3%

Shares of NWPX traded down $0.12 on Friday, hitting $39.83. 37,420 shares of the stock traded hands, compared to its average volume of 55,471. The company has a market capitalization of $393.44 million, a PE ratio of 13.55, a P/E/G ratio of 2.85 and a beta of 0.96. 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 business has a 50 day simple moving average of $41.01 and a 200 day simple moving average of $46.70. Northwest Pipe has a one year low of $32.04 and a one year high of $57.76.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last announced its quarterly earnings results 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 firm 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%. As a group, equities analysts forecast that Northwest Pipe will post 3.32 earnings per share for the current fiscal year.

Insider Activity at Northwest Pipe

In related news, CFO Aaron Wilkins sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $44.00, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.30% of the stock is owned by insiders.

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.