Byrne Asset Management LLC Has $71,000 Position in Northwest Pipe (NASDAQ:NWPX)

Byrne Asset Management LLC cut its position in shares of Northwest Pipe (NASDAQ:NWPX) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,480 shares of the industrial products company’s stock after selling 620 shares during the period. Byrne Asset Management LLC’s holdings in Northwest Pipe were worth $71,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zacks Investment Management acquired a new position in Northwest Pipe during the third quarter worth approximately $1,607,000. Jane Street Group LLC bought a new position in shares of Northwest Pipe during the 3rd quarter worth approximately $944,000. JPMorgan Chase & Co. increased its holdings 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 during the last quarter. Barclays PLC raised its stake in 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 acquired a new stake in Northwest Pipe during the 3rd quarter valued at $417,000. 80.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NWPX has been the subject of a number of research reports. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Northland Securities upped their target price 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. Finally, StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th.

Northwest Pipe Stock Down 0.9 %

Shares of NWPX opened at $51.64 on Friday. 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 12 month low of $28.50 and a 12 month high of $57.76. The firm’s 50 day moving average is $50.23 and its 200-day moving average is $46.79. The stock has a market capitalization of $512.27 million, a PE ratio of 17.56, a P/E/G ratio of 2.99 and a beta of 1.05.

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.