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

Semanteon Capital Management LP grew its position in Northwest Pipe (NASDAQ:NWPX) by 37.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 owned approximately 0.07% of Northwest Pipe worth $337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NWPX. AlphaQuest LLC acquired a new stake in shares of Northwest Pipe in the fourth quarter worth $31,000. Quantbot Technologies LP acquired a new stake in shares of Northwest Pipe in the third quarter worth $67,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Northwest Pipe in the fourth quarter worth $72,000. R Squared Ltd acquired a new stake in shares of Northwest Pipe in the fourth quarter worth $78,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Northwest Pipe in the fourth quarter worth $121,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Northwest Pipe Stock Down 1.9 %

NWPX opened at $42.67 on Friday. Northwest Pipe has a fifty-two week low of $31.16 and a fifty-two week high of $57.76. 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 firm’s fifty day moving average price is $47.06 and its two-hundred day moving average price is $47.78. The company has a market capitalization of $423.93 million, a P/E ratio of 14.51, a P/E/G ratio of 2.85 and a beta of 1.09.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NWPX shares. Sidoti upgraded shares of Northwest Pipe to a “hold” rating in a research note on Tuesday, February 25th. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Northland Securities lifted 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.

About Northwest Pipe

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.