Synergy Asset Management LLC purchased a new stake in shares of Northwest Pipe (NASDAQ:NWPX – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,678 shares of the industrial products company’s stock, valued at approximately $121,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its position in Northwest Pipe by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company’s stock valued at $10,076,000 after purchasing an additional 2,657 shares during the period. JPMorgan Chase & Co. lifted its holdings in Northwest Pipe by 34.2% in the third quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock valued at $2,544,000 after buying an additional 14,374 shares during the period. Assenagon Asset Management S.A. boosted its stake in Northwest Pipe by 7.5% in the third quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock valued at $2,396,000 after acquiring an additional 3,718 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Northwest Pipe by 19.4% during 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 period. Finally, Empowered Funds LLC raised its position in shares of Northwest Pipe by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 43,652 shares of the industrial products company’s stock valued at $1,970,000 after acquiring an additional 2,144 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.
Northwest Pipe Price Performance
Shares of NWPX stock opened at $48.18 on Friday. The company has a quick ratio of 2.27, a current ratio of 3.20 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 has a fifty day moving average of $50.93 and a 200-day moving average of $46.21. The firm has a market capitalization of $477.95 million, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.86 and a beta of 1.05.
Analyst Upgrades and Downgrades
NWPX has been the topic of several recent research reports. Northland Securities raised their price target on Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.50.
Check Out Our Latest Report on NWPX
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.
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