Royce & Associates LP Has $24 Million Holdings in Northwest Pipe (NASDAQ:NWPX)

Royce & Associates LP lowered its position in Northwest Pipe (NASDAQ:NWPX) by 13.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 497,255 shares of the industrial products company’s stock after selling 79,316 shares during the period. Royce & Associates LP owned 5.01% of Northwest Pipe worth $23,998,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. AlphaQuest LLC acquired a new position in Northwest Pipe in the fourth quarter valued at $31,000. Quantbot Technologies LP acquired a new position in shares of Northwest Pipe in the 3rd quarter valued at about $67,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Northwest Pipe during the 4th quarter valued at about $72,000. R Squared Ltd acquired a new stake in Northwest Pipe during the fourth quarter worth approximately $78,000. Finally, Synergy Asset Management LLC bought a new stake in Northwest Pipe in the fourth quarter worth approximately $121,000. 80.63% of the stock is owned by institutional investors.

Northwest Pipe Trading Up 3.7 %

NWPX opened at $41.81 on Monday. Northwest Pipe has a 1-year low of $31.16 and a 1-year high of $57.76. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The company has a market cap of $415.38 million, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The company has a fifty day moving average price of $47.43 and a two-hundred day moving average price of $47.88.

Wall Street Analyst Weigh In

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