Rhumbline Advisers Has $732,000 Stock Holdings in Northwest Pipe (NASDAQ:NWPX)

Rhumbline Advisers grew its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,159 shares of the industrial products company’s stock after buying an additional 713 shares during the quarter. Rhumbline Advisers owned 0.15% of Northwest Pipe worth $732,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd boosted its stake in Northwest Pipe by 1,857.6% during the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 613 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Northwest Pipe in the third quarter valued at approximately $67,000. R Squared Ltd purchased a new position in shares of Northwest Pipe during the fourth quarter valued at approximately $78,000. Synergy Asset Management LLC bought a new stake in Northwest Pipe during the fourth quarter worth $121,000. Finally, SG Americas Securities LLC raised its position in Northwest Pipe by 33.8% in the 4th quarter. SG Americas Securities LLC now owns 4,908 shares of the industrial products company’s stock valued at $237,000 after buying an additional 1,241 shares during the last quarter. 80.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NWPX shares. Sidoti raised shares of Northwest Pipe to a “hold” rating in a report on Tuesday, February 25th. StockNews.com cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Northland Securities upped their price objective 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.

Northwest Pipe Stock Down 1.5 %

NWPX stock opened at $40.84 on Friday. Northwest Pipe has a 1-year low of $31.16 and a 1-year high of $57.76. The stock has a market cap of $405.75 million, a P/E ratio of 13.89, a P/E/G ratio of 2.85 and a beta of 1.09. The stock’s fifty day simple moving average is $48.31 and its two-hundred day simple moving average is $47.98. 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 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.