Chicago Equity Partners LLC purchased a new position in shares of Northwest Pipe (NASDAQ:NWPX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 23,994 shares of the industrial products company’s stock, valued at approximately $459,000. Chicago Equity Partners LLC owned about 0.25% of Northwest Pipe as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in NWPX. The Manufacturers Life Insurance Company increased its stake in Northwest Pipe by 26,137.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,183 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 9,148 shares in the last quarter. New York State Common Retirement Fund purchased a new position in Northwest Pipe during the 2nd quarter worth $166,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Northwest Pipe during the 3rd quarter worth $169,000. Smith Moore & CO. purchased a new position in Northwest Pipe during the 3rd quarter worth $190,000. Finally, Royal Bank of Canada boosted its holdings in Northwest Pipe by 89.4% during the 2nd quarter. Royal Bank of Canada now owns 12,500 shares of the industrial products company’s stock worth $204,000 after acquiring an additional 5,900 shares during the last quarter. Institutional investors own 85.76% of the company’s stock.
Shares of Northwest Pipe (NWPX) traded up $0.17 on Monday, hitting $19.00. The stock had a trading volume of 41,300 shares, compared to its average volume of 37,094. Northwest Pipe has a 12-month low of $12.41 and a 12-month high of $21.11.
Separately, Zacks Investment Research downgraded shares of Northwest Pipe from a “hold” rating to a “sell” rating in a report on Thursday, January 25th.
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Northwest Pipe Company Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company operates through two segments. The Water Transmission segment produces steel pipeline systems for use in drinking water infrastructure, and has approximately eight manufacturing facilities, located in Portland, Oregon; Denver, Colorado; Adelanto, California; Parkersburg, West Virginia; Saginaw, Texas; St.
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