Heartland Advisors Inc. Sells 100,000 Shares of Northwest Pipe Co. (NWPX)
Heartland Advisors Inc. decreased its position in shares of Northwest Pipe Co. (NASDAQ:NWPX) by 16.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 500,000 shares of the company’s stock after selling 100,000 shares during the period. Heartland Advisors Inc. owned about 5.21% of Northwest Pipe worth $5,905,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in Northwest Pipe during the third quarter worth about $144,000. Foundry Partners LLC increased its stake in Northwest Pipe by 35.4% in the third quarter. Foundry Partners LLC now owns 171,515 shares of the company’s stock worth $2,026,000 after buying an additional 44,800 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Northwest Pipe during the second quarter worth about $411,000. Mackenzie Financial Corp purchased a new stake in Northwest Pipe during the second quarter worth about $286,000. Finally, Franklin Resources Inc. increased its stake in Northwest Pipe by 21.3% in the second quarter. Franklin Resources Inc. now owns 267,600 shares of the company’s stock worth $2,885,000 after buying an additional 47,000 shares in the last quarter. Institutional investors and hedge funds own 73.52% of the company’s stock.
Northwest Pipe Co. (NASDAQ:NWPX) traded down 0.4662% on Monday, hitting $18.6825. The stock had a trading volume of 52,229 shares. Northwest Pipe Co. has a 12 month low of $7.46 and a 12 month high of $18.90. The stock’s market cap is $179.37 million. The company’s 50 day moving average is $14.40 and its 200-day moving average is $11.75.
Separately, Zacks Investment Research raised Northwest Pipe from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Saturday, November 5th.
Northwest Pipe Company Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.
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