Steward Partners Investment Advisory LLC Makes New Investment in Northwest Pipe (NASDAQ:NWPX)

Steward Partners Investment Advisory LLC acquired a new position in Northwest Pipe (NASDAQ:NWPX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,496 shares of the industrial products company’s stock, valued at approximately $72,000.

A number of other hedge funds have also recently added to or reduced their stakes in NWPX. Janney Montgomery Scott LLC boosted its holdings in Northwest Pipe by 3.1% in the third quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 549 shares during the period. Victory Capital Management Inc. boosted its holdings in Northwest Pipe by 19.4% in 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. Empowered Funds LLC boosted its holdings in Northwest Pipe by 5.2% in the third quarter. Empowered Funds LLC now owns 43,652 shares of the industrial products company’s stock worth $1,970,000 after purchasing an additional 2,144 shares during the period. Quantbot Technologies LP acquired a new position in Northwest Pipe in the third quarter worth $67,000. Finally, BNP Paribas Financial Markets boosted its holdings in Northwest Pipe by 241.6% in the third quarter. BNP Paribas Financial Markets now owns 7,707 shares of the industrial products company’s stock worth $348,000 after purchasing an additional 5,451 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NWPX shares. Northland Securities boosted their price target on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Sidoti raised shares of Northwest Pipe to a “hold” rating in a report on Tuesday, February 25th. Finally, StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

Northwest Pipe Stock Performance

Shares of NWPX opened at $41.84 on Tuesday. Northwest Pipe has a 1 year low of $31.16 and a 1 year high of $57.76. The company has a market cap of $415.68 million, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The firm has a fifty day moving average of $47.29 and a 200-day moving average of $47.86.

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.