652 Shares in Northwest Pipe (NASDAQ:NWPX) Bought by AlphaQuest LLC

AlphaQuest LLC purchased a new position in Northwest Pipe (NASDAQ:NWPX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 652 shares of the industrial products company’s stock, valued at approximately $31,000.

A number of other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in Northwest Pipe by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company’s stock worth $10,076,000 after acquiring an additional 2,657 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Northwest Pipe by 34.2% in 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. Victory Capital Management Inc. grew its holdings in Northwest Pipe by 19.4% in the 3rd quarter. Victory Capital Management Inc. now owns 52,686 shares of the industrial products company’s stock worth $2,378,000 after acquiring an additional 8,576 shares during the last quarter. Empowered Funds LLC grew its holdings in Northwest Pipe by 5.0% in the 4th quarter. Empowered Funds LLC now owns 45,822 shares of the industrial products company’s stock worth $2,211,000 after acquiring an additional 2,170 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in Northwest Pipe in the 3rd quarter worth $1,607,000. Institutional investors own 80.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Sidoti raised shares of Northwest Pipe to a “hold” rating in a report on Tuesday, February 25th. StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Northland Securities lifted their target price 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.

Northwest Pipe Trading Down 1.9 %

Shares of NWPX opened at $42.67 on Friday. The firm’s 50-day moving average price is $47.06 and its 200-day moving average price is $47.78. The firm has a market capitalization of $423.93 million, a price-to-earnings ratio of 14.51, a PEG ratio of 2.85 and a beta of 1.09. 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 1-year low of $31.16 and a 1-year 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.