SG Americas Securities LLC Purchases 1,241 Shares of Northwest Pipe (NASDAQ:NWPX)

SG Americas Securities LLC grew its stake in Northwest Pipe (NASDAQ:NWPX) by 33.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,908 shares of the industrial products company’s stock after acquiring an additional 1,241 shares during the period. SG Americas Securities LLC’s holdings in Northwest Pipe were worth $237,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NWPX. Jane Street Group LLC bought a new position in Northwest Pipe during the third quarter worth about $944,000. JPMorgan Chase & Co. raised its position in shares of Northwest Pipe by 34.2% in the third quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock valued at $2,544,000 after buying an additional 14,374 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Northwest Pipe by 7.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock valued at $2,396,000 after purchasing an additional 3,718 shares in the last quarter. Barclays PLC grew its stake in Northwest Pipe by 272.8% during the third quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock worth $586,000 after purchasing an additional 9,514 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Northwest Pipe by 1.2% during the third quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company’s stock worth $10,076,000 after acquiring an additional 2,657 shares in the last quarter. 80.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on NWPX shares. Northland Securities upped their price objective on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th.

Northwest Pipe Trading Up 2.1 %

Shares of NWPX stock opened at $52.11 on Friday. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. The firm has a market cap of $516.93 million, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 2.77 and a beta of 1.05. The business has a 50-day moving average price of $50.32 and a two-hundred day moving average price of $46.69. Northwest Pipe has a 12-month low of $28.50 and a 12-month high of $57.76.

Northwest Pipe Company Profile

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.