Connor Clark & Lunn Investment Management Ltd. Reduces Stake in Northwest Pipe

On March 21, 2025, it was reported that Connor Clark & Lunn Investment Management Ltd. has reduced its stake in Northwest Pipe (NASDAQ:NWPX) by 15.2% during the last quarter of the previous year, according to their most recent filing with the Securities & Exchange Commission (SEC). Following this sale, the institutional investor now holds 19,410 shares of Northwest Pipe, reflecting a decrease of 3,482 shares. As of the last filing, Connor Clark & Lunn Investment Management Ltd. owned approximately 0.20% of Northwest Pipe, which is valued at around $937,000.

Additionally, several other institutional investors have altered their positions in Northwest Pipe. Notably, AlphaQuest LLC entered the fray by acquiring a new stake valued at $31,000 during the fourth quarter. Similarly, Quantbot Technologies LP secured its first stake during the third quarter, valued at $67,000. Steward Partners Investment Advisory LLC and R Squared Ltd also made new investments in the fourth quarter, valued at $72,000 and $78,000, respectively. Synergy Asset Management LLC rounded off this group by acquiring a stake valued at $121,000 during the same quarter, bringing the total institutional ownership to 80.63% of the company's stock.

Northwest Pipe's Stock Performance

As of the most recent trading session, shares of Northwest Pipe opened at $43.48. The company reports a debt-to-equity ratio of 0.17, demonstrating a strong financial position, and has a current ratio of 3.20 along with a quick ratio of 2.27. With a market capitalization of $431.97 million, Northwest Pipe has a price-to-earnings (PE) ratio of 14.79 and a price-to-earnings growth (PEG) ratio of 2.85, while its beta is noted at 1.09. The stock has experienced a 1-year low of $31.16 and a 1-year high of $57.76, with its fifty-day moving average price standing at $47.11 and the 200-day moving average at $47.79.

Analyst Insights on Northwest Pipe

Recent analyses by equities research firms have provided varying opinions on Northwest Pipe's shares. For instance, on February 25, Sidoti upgraded its rating for the stock to a "hold." Conversely, StockNews.com downgraded their classification from a "buy" to a "hold" rating on January 14. In a positive note, Northland Securities increased their price target for Northwest Pipe's shares from $50.00 to $55.00 while maintaining a "market perform" rating, as reflected in their report dated January 3.

About Northwest Pipe Company

Northwest Pipe Company, in conjunction with its subsidiaries, specializes in the manufacturing and distribution of water-related infrastructure products within North America. The company operates primarily through two segments: Engineered Steel Pressure Pipe (SPP) and Precast Infrastructure and Engineered Systems (Precast). The SPP segment is dedicated to providing large-diameter and high-pressure steel pipeline systems that are primarily used in water infrastructure applications, which include essential drinking water systems.

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