Allworth Financial LP Increases Stock Holdings in Northwest Pipe (NASDAQ:NWPX)

Allworth Financial LP increased its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 64,926.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,956 shares of the industrial products company’s stock after buying an additional 14,933 shares during the quarter. Allworth Financial LP owned about 0.15% of Northwest Pipe worth $746,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its holdings in shares of Northwest Pipe by 4.9% during the 4th quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company’s stock worth $732,000 after acquiring an additional 713 shares during the period. Empowered Funds LLC increased its position in Northwest Pipe by 5.0% during the fourth 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. Synergy Asset Management LLC purchased a new position in Northwest Pipe during the fourth quarter worth approximately $121,000. R Squared Ltd acquired a new position in shares of Northwest Pipe in the 4th quarter valued at $78,000. Finally, SG Americas Securities LLC boosted its holdings in shares of 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 purchasing an additional 1,241 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Northland Capmk lowered Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Northland Securities lifted their price objective on 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 Stock Performance

Shares of NWPX stock opened at $50.73 on Thursday. 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 company has a market cap of $503.24 million, a PE ratio of 17.26, a P/E/G ratio of 3.02 and a beta of 1.05. The company’s fifty day simple moving average is $49.60 and its 200-day simple moving average is $47.66. Northwest Pipe has a 52 week low of $28.52 and a 52 week high of $57.76.

About Northwest Pipe

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.