Silver Lake Advisory LLC Makes New Investment in Northwest Pipe (NASDAQ:NWPX)

Silver Lake Advisory LLC acquired a new stake in shares of Northwest Pipe (NASDAQ:NWPX) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 21,865 shares of the industrial products company’s stock, valued at approximately $743,000. Silver Lake Advisory LLC owned about 0.22% of Northwest Pipe at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Lazard Asset Management LLC acquired a new position in Northwest Pipe in the first quarter valued at $95,000. EntryPoint Capital LLC lifted its stake in shares of Northwest Pipe by 120.2% in the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,890 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Northwest Pipe by 216.4% in the 1st quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 5,954 shares in the last quarter. Manchester Capital Management LLC grew its holdings in shares of Northwest Pipe by 80.0% during the 1st quarter. Manchester Capital Management LLC now owns 10,710 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 4,760 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Northwest Pipe during the 1st quarter worth approximately $400,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Northwest Pipe

In related news, EVP Miles Brittain sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the sale, the executive vice president now owns 25,858 shares of the company’s stock, valued at $1,083,450.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.37, for a total transaction of $42,370.00. Following the sale, the vice president now owns 10,725 shares in the company, valued at approximately $454,418.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Miles Brittain sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total transaction of $188,550.00. Following the sale, the executive vice president now owns 25,858 shares in the company, valued at approximately $1,083,450.20. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by insiders.

Northwest Pipe Stock Performance

Shares of NASDAQ NWPX opened at $45.47 on Friday. The company has a quick ratio of 2.19, a current ratio of 3.06 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $41.38 and its two-hundred day moving average price is $36.61. Northwest Pipe has a 52-week low of $25.67 and a 52-week high of $46.25. The stock has a market capitalization of $450.84 million, a P/E ratio of 19.11, a P/E/G ratio of 2.96 and a beta of 0.99.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.67 by $0.19. The business had revenue of $129.51 million during the quarter, compared to analyst estimates of $119.76 million. Northwest Pipe had a net margin of 5.33% and a return on equity of 7.34%. As a group, sell-side analysts forecast that Northwest Pipe will post 2.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NWPX. Northland Securities raised their target price on shares of Northwest Pipe from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. StockNews.com raised Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

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.