Northwest Pipe (NASDAQ:NWPX) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its holdings in Northwest Pipe (NASDAQ:NWPX) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,147 shares of the industrial products company’s stock after purchasing an additional 549 shares during the quarter. Janney Montgomery Scott LLC owned about 0.18% of Northwest Pipe worth $819,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NWPX. Lazard Asset Management LLC acquired a new stake in Northwest Pipe during the 1st quarter worth about $95,000. EntryPoint Capital LLC lifted its position in Northwest Pipe by 120.2% during the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 1,890 shares during the period. SG Americas Securities LLC acquired a new stake in Northwest Pipe during the 3rd quarter worth about $165,000. Semanteon Capital Management LP acquired a new stake in Northwest Pipe during the 3rd quarter worth about $230,000. Finally, BNP Paribas Financial Markets lifted its holdings 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 buying an additional 5,954 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

Insider Buying and Selling at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total value of $44,220.00. Following the sale, the vice president now owns 9,725 shares of the company’s stock, valued at approximately $430,039.50. The trade was a 9.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Miles Brittain sold 4,500 shares of Northwest Pipe stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total value of $188,550.00. Following the completion of the sale, the executive vice president now directly owns 25,858 shares in the company, valued at $1,083,450.20. This represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,500 shares of company stock worth $275,140 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.

Northwest Pipe Stock Up 0.2 %

Shares of NASDAQ NWPX opened at $53.25 on Monday. Northwest Pipe has a 12-month low of $25.81 and a 12-month high of $55.22. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The stock has a market cap of $528.24 million, a P/E ratio of 18.11, a PEG ratio of 3.21 and a beta of 0.98. The business’s fifty day simple moving average is $45.66 and its 200-day simple moving average is $39.95.

Analyst Ratings Changes

Several equities analysts have recently issued reports on NWPX shares. Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. StockNews.com raised Northwest Pipe from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Northland Securities lowered Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Northwest Pipe currently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

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.