Sherbrooke Park Advisers LLC Cuts Stake in Northwest Pipe (NASDAQ:NWPX)

Sherbrooke Park Advisers LLC trimmed its position in shares of Northwest Pipe (NASDAQ:NWPX) by 52.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,759 shares of the industrial products company’s stock after selling 7,460 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Northwest Pipe were worth $326,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Northwest Pipe by 34.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock valued at $2,544,000 after acquiring an additional 14,374 shares during the period. Ellsworth Advisors LLC lifted its stake in Northwest Pipe by 3.4% during the 4th quarter. Ellsworth Advisors LLC now owns 16,755 shares of the industrial products company’s stock valued at $809,000 after acquiring an additional 548 shares during the period. SG Americas Securities LLC lifted its stake in Northwest Pipe by 33.8% during the 4th quarter. SG Americas Securities LLC now owns 4,908 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 1,241 shares during the period. R Squared Ltd bought a new position in Northwest Pipe during the 4th quarter valued at about $78,000. Finally, Synergy Asset Management LLC bought a new position in Northwest Pipe during the 4th quarter valued at about $121,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Northwest Pipe

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 transaction, the chief financial officer now owns 23,467 shares in the company, valued at $1,032,548. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.30% of the company’s stock.

Northwest Pipe Price Performance

Shares of NASDAQ:NWPX opened at $40.65 on Monday. The firm’s 50 day moving average price is $41.12 and its 200-day moving average price is $47.03. Northwest Pipe has a twelve month low of $32.04 and a twelve month 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 stock has a market capitalization of $401.54 million, a PE ratio of 13.83, a price-to-earnings-growth ratio of 2.85 and a beta of 0.96.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.14). Northwest Pipe had a return on equity of 8.47% and a net margin of 6.12%. The business had revenue of $116.12 million during the quarter, compared to the consensus estimate of $111.92 million. Equities research analysts expect that Northwest Pipe will post 3.32 EPS for the current year.

Analysts Set New Price Targets

Separately, Sidoti upgraded shares of Northwest Pipe to a “hold” rating in a research note on Tuesday, February 25th.

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.