Geode Capital Management LLC Grows Position in Northwest Pipe (NASDAQ:NWPX)

Geode Capital Management LLC grew its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 1.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 223,232 shares of the industrial products company’s stock after purchasing an additional 2,657 shares during the quarter. Geode Capital Management LLC’s holdings in Northwest Pipe were worth $10,076,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Barclays PLC boosted its holdings in shares of Northwest Pipe by 272.8% in the third quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock worth $586,000 after acquiring an additional 9,514 shares during the period. Zacks Investment Management purchased a new stake in Northwest Pipe during the 3rd quarter worth about $1,607,000. Jane Street Group LLC purchased a new stake in Northwest Pipe during the 3rd quarter worth about $944,000. Stifel Financial Corp boosted its stake in Northwest Pipe by 6.2% in the 3rd quarter. Stifel Financial Corp now owns 13,202 shares of the industrial products company’s stock worth $596,000 after purchasing an additional 766 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in Northwest Pipe during the 3rd quarter valued at about $264,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Insider Buying and Selling at Northwest Pipe

In other news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total transaction of $44,220.00. Following the completion of the sale, the vice president now directly owns 9,725 shares of the company’s stock, valued at approximately $430,039.50. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.

Northwest Pipe Stock Down 0.7 %

Shares of NASDAQ NWPX opened at $48.26 on Thursday. 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 business has a 50-day moving average of $51.85 and a 200-day moving average of $44.13. The firm has a market capitalization of $478.69 million, a price-to-earnings ratio of 16.41, a PEG ratio of 3.19 and a beta of 1.02. Northwest Pipe has a 12 month low of $27.89 and a 12 month high of $57.76.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NWPX. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. StockNews.com cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday, December 27th. Finally, Northland Securities lowered 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.00.

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.