Kennedy Capital Management Inc. increased its stake in Northwest Pipe (NASDAQ:NWPX) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 161,440 shares of the industrial products company’s stock after acquiring an additional 18,389 shares during the period. Kennedy Capital Management Inc. owned approximately 1.68% of Northwest Pipe worth $3,090,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in NWPX. The Manufacturers Life Insurance Company boosted its position in shares of Northwest Pipe by 26,137.1% in the second quarter. The Manufacturers Life Insurance Company now owns 9,183 shares of the industrial products company’s stock worth $149,000 after acquiring an additional 9,148 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in shares of Northwest Pipe in the second quarter worth approximately $166,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Northwest Pipe in the third quarter worth approximately $169,000. Royal Bank of Canada boosted its position in shares of Northwest Pipe by 89.4% in the second 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. Finally, Wells Fargo & Company MN boosted its position in shares of Northwest Pipe by 153.0% in the fourth quarter. Wells Fargo & Company MN now owns 13,016 shares of the industrial products company’s stock worth $250,000 after acquiring an additional 7,871 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors and hedge funds.
Northwest Pipe (NWPX) opened at $20.05 on Wednesday. Northwest Pipe has a 1-year low of $12.41 and a 1-year high of $21.36.
Several equities research analysts recently issued reports on NWPX shares. Zacks Investment Research cut shares of Northwest Pipe from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a research report on Friday, March 2nd. Finally, ValuEngine raised shares of Northwest Pipe from a “sell” rating to a “hold” rating in a research report on Saturday.
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Northwest Pipe Profile
Northwest Pipe Company is a manufacturer of engineered steel pipe water systems. The Company 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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