17,263 Shares in Northwest Pipe (NASDAQ:NWPX) Purchased by Illumine Investment Management LLC

Illumine Investment Management LLC bought a new stake in Northwest Pipe (NASDAQ:NWPX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,263 shares of the industrial products company’s stock, valued at approximately $833,000.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Northwest Pipe by 1.2% during the third 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 in the last quarter. JPMorgan Chase & Co. raised 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 valued at $2,544,000 after acquiring an additional 14,374 shares during the period. Assenagon Asset Management S.A. lifted its position in Northwest Pipe by 7.5% during the third quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock worth $2,396,000 after acquiring an additional 3,718 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Northwest Pipe by 19.4% during the third quarter. Victory Capital Management Inc. now owns 52,686 shares of the industrial products company’s stock worth $2,378,000 after purchasing an additional 8,576 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Northwest Pipe by 5.0% during the 4th quarter. Empowered Funds LLC now owns 45,822 shares of the industrial products company’s stock worth $2,211,000 after purchasing an additional 2,170 shares during the last quarter. Institutional investors own 80.63% of the company’s stock.

Northwest Pipe Stock Performance

Shares of Northwest Pipe stock opened at $42.88 on Friday. The company has a market cap of $425.33 million, a P/E ratio of 14.59, a PEG ratio of 2.85 and a beta of 1.05. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $49.06 and a two-hundred day moving average price of $47.94. Northwest Pipe has a 1-year low of $28.57 and a 1-year high of $57.76.

Analyst Ratings Changes

NWPX has been the topic of a number of recent research reports. Northland Securities raised their price target 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. Northland Capmk lowered shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Sidoti upgraded shares of Northwest Pipe to a “hold” rating in a research report on Tuesday. Finally, StockNews.com cut Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Northwest Pipe currently has an average rating of “Hold” and an average target price of $47.50.

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.