Semanteon Capital Management LP Acquires 1,892 Shares of Northwest Pipe (NASDAQ:NWPX)

Semanteon Capital Management LP lifted its holdings in Northwest Pipe (NASDAQ:NWPX) by 37.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,986 shares of the industrial products company’s stock after purchasing an additional 1,892 shares during the quarter. Semanteon Capital Management LP’s holdings in Northwest Pipe were worth $337,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NWPX. Zacks Investment Management bought a new position in shares of Northwest Pipe in the third quarter valued at about $1,607,000. Jane Street Group LLC bought a new position in shares of Northwest Pipe in the third quarter valued at about $944,000. Illumine Investment Management LLC bought a new position in shares of Northwest Pipe in the fourth quarter valued at about $833,000. Allworth Financial LP raised its holdings in shares of 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 valued at $746,000 after buying an additional 14,933 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Northwest Pipe by 34.2% during the 3rd 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. 80.63% of the stock is owned by institutional investors.

Northwest Pipe Stock Performance

Shares of NWPX stock opened at $42.67 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. The stock has a market cap of $423.93 million, a PE ratio of 14.51, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The stock has a 50-day moving average of $47.06 and a 200-day moving average of $47.78. Northwest Pipe has a one year low of $31.16 and a one year high of $57.76.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Sidoti raised Northwest Pipe to a “hold” rating in a report on Tuesday, February 25th. Northland Securities boosted their price objective on Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Finally, StockNews.com cut Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th.

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.