Y Intercept Hong Kong Ltd Purchases New Position in Northwest Pipe (NASDAQ:NWPX)

Y Intercept Hong Kong Ltd acquired a new position in shares of Northwest Pipe (NASDAQ:NWPX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,903 shares of the industrial products company’s stock, valued at approximately $381,000. Y Intercept Hong Kong Ltd owned about 0.08% of Northwest Pipe at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ellsworth Advisors LLC boosted its position in shares of Northwest Pipe by 3.4% during the fourth quarter. Ellsworth Advisors LLC now owns 16,755 shares of the industrial products company’s stock worth $809,000 after purchasing an additional 548 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Northwest Pipe by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock worth $819,000 after buying an additional 549 shares during the period. Covestor Ltd lifted its holdings in Northwest Pipe by 1,857.6% during the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 613 shares in the last quarter. Rhumbline Advisers grew its stake in Northwest Pipe by 4.9% in the fourth quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company’s stock valued at $732,000 after acquiring an additional 713 shares during the period. Finally, Stifel Financial Corp increased its holdings in shares of Northwest Pipe by 6.2% in the third quarter. Stifel Financial Corp now owns 13,202 shares of the industrial products company’s stock worth $596,000 after acquiring an additional 766 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Northland Securities lifted their price target 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. Sidoti raised shares of Northwest Pipe to a “hold” rating in a research report on Tuesday, February 25th. Finally, StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Northwest Pipe has an average rating of “Hold” and an average target price of $47.50.

Northwest Pipe Stock Performance

Shares of NASDAQ NWPX opened at $42.54 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The stock has a 50 day moving average price of $48.82 and a 200 day moving average price of $48.09. The stock has a market capitalization of $421.95 million, a PE ratio of 14.47, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05. Northwest Pipe has a 52 week low of $28.75 and a 52 week high of $57.76.

Northwest Pipe Company 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.