Allworth Financial LP Purchases 14,933 Shares of Northwest Pipe (NASDAQ:NWPX)

Allworth Financial LP raised its stake in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 64,926.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,956 shares of the industrial products company's stock after acquiring an additional 14,933 shares during the quarter. Allworth Financial LP owned approximately 0.15% of Northwest Pipe worth $746,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Zacks Investment Management bought a new stake in Northwest Pipe during the 3rd quarter worth about $1,607,000. Jane Street Group LLC acquired a new position in shares of Northwest Pipe in the 3rd quarter valued at approximately $944,000. JPMorgan Chase & Co. grew its position in shares of 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 purchasing an additional 14,374 shares during the period. Barclays PLC grew its position in shares of Northwest Pipe by 272.8% in the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company's stock valued at $586,000 after purchasing an additional 9,514 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Northwest Pipe by 19.4% in the 3rd quarter. Victory Capital Management Inc. now owns 52,686 shares of the industrial products company's stock valued at $2,378,000 after purchasing an additional 8,576 shares during the period. 80.63% of the stock is owned by institutional investors.

Northwest Pipe Price Performance

Northwest Pipe stock traded down $1.87 during midday trading on Friday, reaching $47.78. The company's stock had a trading volume of 20,554 shares, compared to its average volume of 77,906. The business has a 50-day moving average price of $49.52 and a 200-day moving average price of $47.68. Northwest Pipe has a 52 week low of $28.57 and a 52 week high of $57.76. The stock has a market cap of $473.98 million, a PE ratio of 16.29, a price-to-earnings-growth ratio of 2.91 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.

Analysts Set New Price Targets

NWPX has been the subject of several research reports. StockNews.com cut shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Northland Securities raised their price target on Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Finally, Northland Capmk downgraded Northwest Pipe from a "strong-buy" rating to a "hold" rating in a report on Friday, November 1st.

Northwest Pipe Company 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.