Illumine Investment Management LLC Buys Shares of 17,263 Northwest Pipe (NASDAQ:NWPX)

Illumine Investment Management LLC acquired a new stake in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,263 shares of the industrial products company's stock, valued at approximately $833,000. Illumine Investment Management LLC owned approximately 0.17% of Northwest Pipe as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NWPX. Covestor Ltd raised its holdings in shares of Northwest Pipe by 1,857.6% in the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company's stock worth $29,000 after purchasing an additional 613 shares during the period. Quantbot Technologies LP bought a new stake in Northwest Pipe during the third quarter valued at $67,000. R Squared Ltd purchased a new position in Northwest Pipe during the fourth quarter worth about $78,000. Synergy Asset Management LLC purchased a new stake in shares of Northwest Pipe in the 4th quarter valued at about $121,000. Finally, SG Americas Securities LLC boosted its position in shares of Northwest Pipe by 33.8% during the 4th quarter. SG Americas Securities LLC now owns 4,908 shares of the industrial products company's stock valued at $237,000 after acquiring an additional 1,241 shares during the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Sidoti raised shares of Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th. Finally, Northland Securities boosted their price target on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a "market perform" rating in a research note on Friday, January 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $47.50.

Northwest Pipe Stock Down 2.8 %

Northwest Pipe stock traded down $1.20 during mid-day trading on Tuesday, reaching $41.34. The stock had a trading volume of 98,156 shares, compared to its average volume of 82,016. Northwest Pipe has a one year low of $28.75 and a one year high of $57.76. The company has a 50-day moving average price of $48.82 and a two-hundred day moving average price of $48.09. The company has a market capitalization of $410.05 million, a price-to-earnings ratio of 14.06, a PEG ratio of 2.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27.

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.