Empowered Funds LLC Raises Stock Holdings in Northwest Pipe (NASDAQ:NWPX)

Empowered Funds LLC increased its stake in shares of Northwest Pipe (NASDAQ:NWPX) by 5.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,652 shares of the industrial products company’s stock after purchasing an additional 2,144 shares during the period. Empowered Funds LLC owned 0.44% of Northwest Pipe worth $1,970,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its holdings in Northwest Pipe by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock valued at $819,000 after buying an additional 549 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Northwest Pipe by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,309 shares of the industrial products company’s stock valued at $462,000 after purchasing an additional 598 shares during the last quarter. Covestor Ltd raised its stake in Northwest Pipe by 1,857.6% in the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after buying an additional 613 shares in the last quarter. Ellsworth Advisors LLC boosted its holdings in shares of Northwest Pipe by 4.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 16,207 shares of the industrial products company’s stock valued at $731,000 after buying an additional 647 shares in the last quarter. Finally, Foundry Partners LLC grew its stake in Northwest Pipe by 0.8% during the 2nd quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company’s stock worth $5,977,000 after buying an additional 1,340 shares during the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

Northwest Pipe Price Performance

NWPX stock opened at $54.14 on Thursday. The firm has a market cap of $537.01 million, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 3.21 and a beta of 0.98. The stock has a 50-day simple moving average of $46.46 and a 200-day simple moving average of $40.35. Northwest Pipe has a 1 year low of $25.81 and a 1 year high of $55.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NWPX shares. Northland Securities cut shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price objective on the stock. in a research note on Friday, November 1st. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, StockNews.com upgraded shares of Northwest Pipe from a “hold” rating to a “buy” rating in a report on Sunday. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Northwest Pipe has a consensus rating of “Moderate Buy” and a consensus target price of $45.00.

Insider Activity at Northwest Pipe

In related news, EVP Miles Brittain sold 4,500 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the transaction, the executive vice president now directly owns 25,858 shares in the company, valued at $1,083,450.20. This trade represents a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the sale, the vice president now owns 9,725 shares in the company, valued at $430,039.50. The trade was a 9.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 6,800 shares of company stock valued at $291,070. Corporate insiders own 3.30% of the company’s stock.

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.