Northwest Pipe (NASDAQ:NWPX) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Northwest Pipe (NASDAQ:NWPX) by 35.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 217,479 shares of the industrial products company’s stock after purchasing an additional 57,398 shares during the quarter. American Century Companies Inc. owned about 2.19% of Northwest Pipe worth $10,496,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NWPX. Jane Street Group LLC acquired a new position in Northwest Pipe during the third quarter worth about $944,000. JPMorgan Chase & Co. boosted its stake in shares of Northwest Pipe by 34.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock worth $2,544,000 after acquiring an additional 14,374 shares in the last quarter. Barclays PLC grew its holdings 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 worth $586,000 after acquiring an additional 9,514 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Northwest Pipe in the 4th quarter valued at approximately $381,000. Finally, AlphaQuest LLC acquired a new position in Northwest Pipe during the fourth quarter worth $31,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Insider Activity at Northwest Pipe

In related news, CFO Aaron Wilkins sold 1,000 shares of the firm’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 transaction of $44,000.00. Following the sale, the chief financial officer now owns 23,467 shares in the company, valued at approximately $1,032,548. This trade represents a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Northwest Pipe Stock Performance

NASDAQ NWPX opened at $42.87 on Thursday. 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 cap of $425.91 million, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. Northwest Pipe has a fifty-two week low of $31.16 and a fifty-two week high of $57.76. The business has a fifty day moving average of $46.01 and a 200-day moving average of $47.89.

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.