Foundry Partners LLC Has $7.42 Million Stock Position in Northwest Pipe (NASDAQ:NWPX)

Foundry Partners LLC lessened its stake in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,645 shares of the industrial products company's stock after selling 22,440 shares during the quarter. Foundry Partners LLC owned about 1.55% of Northwest Pipe worth $7,415,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new position in shares of Northwest Pipe during the 4th quarter valued at about $31,000. Quantbot Technologies LP bought a new stake in Northwest Pipe during the third quarter worth approximately $67,000. Steward Partners Investment Advisory LLC acquired a new position in Northwest Pipe in the fourth quarter worth approximately $72,000. R Squared Ltd bought a new position in shares of Northwest Pipe in the fourth quarter valued at $78,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Northwest Pipe during the 4th quarter valued at $121,000. Institutional investors own 80.63% of the company's stock.

Insider Buying and Selling

In other news, CFO Aaron Wilkins sold 1,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were 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 directly owns 23,467 shares of the company's stock, 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 can be accessed through this link. Company insiders own 3.30% of the company's stock.

Northwest Pipe Stock Down 0.2 %

Shares of Northwest Pipe stock traded down $0.08 during midday trading on Wednesday, hitting $39.57. The company's stock had a trading volume of 18,679 shares, compared to its average volume of 52,900. Northwest Pipe has a 1-year low of $31.16 and a 1-year high of $57.76. 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 firm has a market capitalization of $393.17 million, a P/E ratio of 13.44, a PEG ratio of 2.85 and a beta of 0.94. The stock has a 50-day simple moving average of $45.12 and a 200-day simple moving average of $47.76.

Wall Street Analyst Weigh In

NWPX has been the topic of a number of recent analyst reports. Northland Securities boosted their target price on Northwest Pipe from $50.00 to $55.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. StockNews.com downgraded 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 report on Tuesday, February 25th.

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.