DDD Partners LLC Sells 2,676 Shares of Northwest Pipe (NASDAQ:NWPX)

DDD Partners LLC cut its stake in Northwest Pipe (NASDAQ:NWPX) by 0.6% in the second quarter, Holdings Channel reports. The institutional investor owned 460,492 shares of the industrial products company’s stock after selling 2,676 shares during the period. Northwest Pipe makes up about 1.8% of DDD Partners LLC’s investment portfolio, making the stock its 25th biggest holding. DDD Partners LLC’s holdings in Northwest Pipe were worth $15,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NWPX. Price T Rowe Associates Inc. MD increased its holdings in shares of Northwest Pipe by 4.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,309 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 598 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Northwest Pipe by 3.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 50,831 shares of the industrial products company’s stock worth $1,763,000 after buying an additional 1,465 shares during the period. Janney Montgomery Scott LLC lifted its stake in Northwest Pipe by 9.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,029 shares of the industrial products company’s stock valued at $591,000 after acquiring an additional 1,507 shares during the period. EntryPoint Capital LLC lifted its stake in Northwest Pipe by 120.2% during the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 1,890 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Northwest Pipe by 4.2% in the 1st quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock valued at $1,950,000 after acquiring an additional 2,281 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Northwest Pipe Stock Performance

NWPX traded down $0.32 on Monday, reaching $43.98. The company had a trading volume of 74,800 shares, compared to its average volume of 42,223. The company has a quick ratio of 2.19, a current ratio of 3.06 and a debt-to-equity ratio of 0.22. Northwest Pipe has a 1 year low of $25.67 and a 1 year high of $46.25. The stock has a 50-day moving average price of $37.97 and a 200-day moving average price of $34.92. The stock has a market capitalization of $436.06 million, a PE ratio of 18.48, a P/E/G ratio of 2.97 and a beta of 0.98.

Northwest Pipe (NASDAQ:NWPX) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.19. Northwest Pipe had a net margin of 5.33% and a return on equity of 7.34%. The business had revenue of $129.51 million during the quarter, compared to analysts’ expectations of $119.76 million. As a group, research analysts forecast that Northwest Pipe will post 2.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NWPX has been the topic of a number of analyst reports. StockNews.com raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. Northland Securities lifted their price target on Northwest Pipe from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.

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.