Advisors Asset Management Inc. Purchases 5,481 Shares of Northwest Pipe (NASDAQ:NWPX)

Advisors Asset Management Inc. boosted its position in shares of Northwest Pipe (NASDAQ:NWPX) by 13.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 45,916 shares of the industrial products company’s stock after acquiring an additional 5,481 shares during the quarter. Advisors Asset Management Inc.’s holdings in Northwest Pipe were worth $2,216,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NWPX. AlphaQuest LLC purchased a new stake in Northwest Pipe in the 4th quarter valued at about $31,000. Raymond James Financial Inc. purchased a new stake in Northwest Pipe in the 4th quarter valued at about $322,000. Steward Partners Investment Advisory LLC purchased a new stake in Northwest Pipe in the 4th quarter valued at about $72,000. Illumine Investment Management LLC purchased a new stake in Northwest Pipe in the 4th quarter valued at about $833,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Northwest Pipe in the 4th quarter valued at about $381,000. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Northwest Pipe Price Performance

Shares of NWPX opened at $42.67 on Friday. The company has a 50 day moving average price of $47.06 and a 200-day moving average price of $47.82. Northwest Pipe has a fifty-two week low of $31.16 and a fifty-two week high of $57.76. The stock has a market capitalization of $423.93 million, a PE ratio of 14.51, a PEG 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.

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.