6,675 Shares in Northwest Pipe (NASDAQ:NWPX) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in Northwest Pipe (NASDAQ:NWPX - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 6,675 shares of the industrial products company's stock, valued at approximately $322,000. Raymond James Financial Inc. owned approximately 0.07% of Northwest Pipe at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. AlphaQuest LLC bought a new position in Northwest Pipe in the fourth quarter valued at $31,000. Steward Partners Investment Advisory LLC bought a new stake in Northwest Pipe in the 4th quarter worth approximately $72,000. R Squared Ltd purchased a new stake in Northwest Pipe in the fourth quarter worth approximately $78,000. Quantbot Technologies LP grew its position in Northwest Pipe by 40.3% during the fourth quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company's stock valued at $101,000 after acquiring an additional 601 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Northwest Pipe during the fourth quarter worth approximately $121,000. 80.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Northwest Pipe

In related news, CFO Aaron Wilkins sold 1,000 shares of the firm's 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 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 SEC, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.

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 Trading Down 0.2%

NWPX stock traded down $0.10 during midday trading on Thursday, hitting $40.62. The company had a trading volume of 7,510 shares, compared to its average volume of 54,915. The stock has a market cap of $401.19 million, a price-to-earnings ratio of 13.81, a PEG ratio of 2.85 and a beta of 0.96. Northwest Pipe has a 52 week low of $32.04 and a 52 week high of $57.76. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The stock's 50 day moving average price is $41.12 and its 200 day moving average price is $47.06.

Northwest Pipe (NASDAQ:NWPX - Get Free Report) last posted its quarterly 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). 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 research analysts expect that Northwest Pipe will post 3.32 earnings per share for the current fiscal year.

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.