Byrne Asset Management LLC Sells 620 Shares of Northwest Pipe (NASDAQ:NWPX)

Byrne Asset Management LLC lowered its stake in shares of Northwest Pipe (NASDAQ:NWPX) by 29.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,480 shares of the industrial products company’s stock after selling 620 shares during the quarter. Byrne Asset Management LLC’s holdings in Northwest Pipe were worth $71,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zacks Investment Management acquired a new stake in Northwest Pipe during the 3rd quarter worth $1,607,000. Jane Street Group LLC bought a new stake in shares of Northwest Pipe in the 3rd quarter valued at about $944,000. JPMorgan Chase & Co. increased its stake in shares of Northwest Pipe by 34.2% in 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 last quarter. Barclays PLC raised its position in shares of Northwest Pipe by 272.8% in the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock valued at $586,000 after acquiring an additional 9,514 shares during the period. Finally, Inspire Investing LLC bought a new position in Northwest Pipe during the 3rd quarter worth approximately $417,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Northwest Pipe Price Performance

Shares of NASDAQ NWPX opened at $51.64 on Friday. The company has a fifty day moving average price of $50.23 and a 200 day moving average price of $46.79. The firm has a market cap of $512.27 million, a PE ratio of 17.56, a PEG ratio of 2.99 and a beta of 1.05. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 1-year low of $28.50 and a 1-year high of $57.76.

Analyst Ratings Changes

Several equities research analysts have commented on NWPX shares. Northland Securities upped their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Northland Capmk lowered Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st.

Northwest Pipe 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.