WINTON GROUP Ltd Buys Shares of 11,378 Northwest Pipe (NASDAQ:NWPX)

WINTON GROUP Ltd purchased a new position in shares of Northwest Pipe (NASDAQ:NWPX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,378 shares of the industrial products company’s stock, valued at approximately $549,000. WINTON GROUP Ltd owned approximately 0.11% of Northwest Pipe at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP acquired a new position in Northwest Pipe during the 3rd quarter worth $67,000. BNP Paribas Financial Markets grew its stake in Northwest Pipe by 241.6% in the third quarter. BNP Paribas Financial Markets now owns 7,707 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 5,451 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Northwest Pipe in the third quarter valued at about $264,000. Stifel Financial Corp lifted its holdings in Northwest Pipe by 6.2% during the 3rd quarter. Stifel Financial Corp now owns 13,202 shares of the industrial products company’s stock worth $596,000 after buying an additional 766 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Northwest Pipe in the 3rd quarter worth approximately $944,000. Institutional investors own 80.63% of the company’s stock.

Northwest Pipe Price Performance

Shares of NASDAQ:NWPX opened at $41.55 on Monday. The firm’s 50 day moving average is $46.51 and its two-hundred day moving average is $47.93. 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 firm has a market capitalization of $412.80 million, a P/E ratio of 14.13, a PEG ratio of 2.85 and a beta of 1.09. Northwest Pipe has a 52 week low of $31.16 and a 52 week high of $57.76.

Insider Buying and Selling

In other news, CFO Aaron Wilkins sold 1,000 shares of the company’s 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 completion of the sale, the chief financial officer now directly owns 23,467 shares of the company’s stock, valued at approximately $1,032,548. This represents a 4.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Sidoti raised shares of Northwest Pipe to a “hold” rating in a report on Tuesday, February 25th. Northland Securities raised their price target on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th.

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.