Verus Capital Partners LLC Has $481,000 Holdings in Northwest Pipe (NASDAQ:NWPX)

Verus Capital Partners LLC lessened its holdings in Northwest Pipe (NASDAQ:NWPX) by 29.9% during the 4th quarter, Holdings Channel reports. The firm owned 9,958 shares of the industrial products company’s stock after selling 4,250 shares during the period. Verus Capital Partners LLC’s holdings in Northwest Pipe were worth $481,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Northwest Pipe in the 4th quarter valued at $381,000. Allworth Financial LP increased its holdings 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 valued at $746,000 after purchasing an additional 14,933 shares during the last quarter. Rhumbline Advisers lifted its stake in Northwest Pipe by 4.9% in the fourth quarter. Rhumbline Advisers now owns 15,159 shares of the industrial products company’s stock valued at $732,000 after buying an additional 713 shares during the period. Empowered Funds LLC boosted its holdings in Northwest Pipe by 5.0% during the fourth quarter. Empowered Funds LLC now owns 45,822 shares of the industrial products company’s stock worth $2,211,000 after buying an additional 2,170 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new position in Northwest Pipe during the fourth quarter worth about $121,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Analyst Ratings Changes

NWPX has been the topic of a number of analyst reports. Sidoti upgraded shares of Northwest Pipe to a “hold” rating in a research report on Tuesday. StockNews.com cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Northland Securities raised their price objective on 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Northwest Pipe currently has a consensus rating of “Hold” and an average target price of $47.50.

Northwest Pipe Stock Up 2.8 %

Northwest Pipe stock opened at $44.07 on Friday. Northwest Pipe has a twelve month low of $28.75 and a twelve month high of $57.76. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $48.96 and a 200-day moving average of $47.97. The stock has a market capitalization of $437.13 million, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

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.