Invesco Ltd. Buys 7,278 Shares of Northwest Pipe (NASDAQ:NWPX)

Invesco Ltd. raised its stake in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 10.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,218 shares of the industrial products company's stock after acquiring an additional 7,278 shares during the period. Invesco Ltd. owned approximately 0.75% of Northwest Pipe worth $3,582,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. AlphaQuest LLC purchased a new position in shares of Northwest Pipe in the fourth quarter worth approximately $31,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Northwest Pipe during the 4th quarter worth $72,000. R Squared Ltd bought a new stake in shares of Northwest Pipe during the 4th quarter valued at $78,000. Quantbot Technologies LP increased its stake in shares of Northwest Pipe by 40.3% in the 4th quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company's stock worth $101,000 after purchasing an additional 601 shares in the last quarter. Finally, Synergy Asset Management LLC bought a new position in Northwest Pipe in the 4th quarter worth $121,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

Analysts Set New Price Targets

NWPX has been the subject of a number of recent analyst reports. Northland Securities upped 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. Sidoti raised shares of Northwest Pipe to a "hold" rating in a report on Tuesday, February 25th. Finally, StockNews.com lowered Northwest Pipe from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th.

Insider Buying and Selling at Northwest Pipe

In other Northwest Pipe news, CFO Aaron Wilkins sold 1,000 shares of the firm's stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.30% of the company's stock.

Northwest Pipe Price Performance

NWPX stock traded down $0.93 during midday trading on Friday, hitting $38.82. The company's stock had a trading volume of 15,343 shares, compared to its average volume of 54,526. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 12 month low of $31.77 and a 12 month high of $57.76. The company has a 50 day moving average of $41.95 and a two-hundred day moving average of $47.42. The firm has a market capitalization of $385.63 million, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 2.85 and a beta of 0.94.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). Northwest Pipe had a return on equity of 8.47% and a net margin of 6.12%. The firm had revenue of $116.12 million during the quarter, compared to analysts' expectations of $111.92 million. On average, analysts expect that Northwest Pipe will post 3.32 EPS for the current year.

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.