Northwest Pipe (NASDAQ:NWPX) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its stake in Northwest Pipe (NASDAQ:NWPX) by 2.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 22,892 shares of the industrial products company’s stock after selling 612 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Northwest Pipe were worth $1,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd lifted its stake in Northwest Pipe by 1,857.6% in the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after buying an additional 613 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Northwest Pipe in the 1st quarter valued at $95,000. SG Americas Securities LLC acquired a new position in Northwest Pipe in the 3rd quarter valued at $165,000. Semanteon Capital Management LP acquired a new position in Northwest Pipe in the 3rd quarter valued at $230,000. Finally, Summit Global Investments acquired a new position in Northwest Pipe in the 3rd quarter valued at $262,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

NWPX has been the subject of a number of research analyst reports. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a report on Monday. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Northland Securities cut shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $45.00.

Insider Transactions at Northwest Pipe

In other news, VP Megan A. Kendrick sold 1,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the transaction, the vice president now owns 10,725 shares of the company’s stock, valued at approximately $454,418.25. This trade represents a 8.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Miles Brittain sold 4,500 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the sale, the executive vice president now owns 25,858 shares in the company, valued at approximately $1,083,450.20. This trade represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,800 shares of company stock valued at $291,070. Insiders own 3.30% of the company’s stock.

Northwest Pipe Stock Performance

NASDAQ:NWPX opened at $56.39 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. The firm has a 50-day moving average of $47.51 and a two-hundred day moving average of $40.95. The stock has a market cap of $559.39 million, a P/E ratio of 19.04, a PEG ratio of 3.37 and a beta of 0.98. Northwest Pipe has a 1-year low of $25.81 and a 1-year high of $57.08.

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.