Y Intercept Hong Kong Ltd Takes Position in Northwest Pipe (NASDAQ:NWPX)

Y Intercept Hong Kong Ltd purchased a new position in Northwest Pipe (NASDAQ:NWPX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,903 shares of the industrial products company's stock, valued at approximately $381,000. Y Intercept Hong Kong Ltd owned approximately 0.08% of Northwest Pipe at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP grew its position in Northwest Pipe by 64,926.1% in the fourth quarter. Allworth Financial LP now owns 14,956 shares of the industrial products company's stock worth $746,000 after acquiring an additional 14,933 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Northwest Pipe by 4.9% in the 4th quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company's stock worth $732,000 after purchasing an additional 713 shares in the last quarter. Empowered Funds LLC increased its position in shares of Northwest Pipe by 5.0% during the 4th quarter. Empowered Funds LLC now owns 45,822 shares of the industrial products company's stock valued at $2,211,000 after purchasing an additional 2,170 shares during the last quarter. Synergy Asset Management LLC purchased a new position in shares of Northwest Pipe during the 4th quarter valued at about $121,000. Finally, R Squared Ltd bought a new stake in Northwest Pipe in the 4th quarter worth approximately $78,000. Institutional investors own 80.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Northwest Pipe from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Northland Securities upped their price target 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. Finally, Sidoti upgraded Northwest Pipe to a "hold" rating in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $47.50.

Northwest Pipe Trading Up 1.1 %

NASDAQ:NWPX traded up $0.44 during midday trading on Wednesday, reaching $41.78. 69,704 shares of the stock traded hands, compared to its average volume of 81,724. The stock has a market capitalization of $414.42 million, a P/E ratio of 14.21, a PEG ratio of 2.85 and a beta of 1.05. 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 company has a fifty day moving average of $48.64 and a 200 day moving average of $48.07. Northwest Pipe has a 12 month low of $29.50 and a 12 month high of $57.76.

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.