Northwest Pipe (NASDAQ:NWPX) Shares Bought by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its stake in Northwest Pipe (NASDAQ:NWPX) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,755 shares of the industrial products company’s stock after buying an additional 548 shares during the period. Ellsworth Advisors LLC owned 0.17% of Northwest Pipe worth $809,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC increased its position in shares of Northwest Pipe by 1.2% in 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 acquiring an additional 2,657 shares during the period. American Century Companies Inc. increased its holdings in shares of Northwest Pipe by 26.7% in the second quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock valued at $4,274,000 after purchasing an additional 26,532 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Northwest Pipe by 34.2% in the third quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock worth $2,544,000 after purchasing an additional 14,374 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of 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 purchasing an additional 3,718 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings 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. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NWPX shares. Northland Securities increased their price target on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.50.

Northwest Pipe Trading Up 1.2 %

Shares of NASDAQ:NWPX opened at $49.78 on Monday. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 12-month low of $27.89 and a 12-month high of $57.76. The business has a 50 day moving average of $51.76 and a two-hundred day moving average of $45.39. The company has a market capitalization of $493.77 million, a PE ratio of 16.93, a PEG ratio of 2.59 and a beta of 1.05.

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.