Jane Street Group LLC acquired a new stake in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,927 shares of the industrial products company's stock, valued at approximately $944,000. Jane Street Group LLC owned 0.21% of Northwest Pipe as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its position in Northwest Pipe by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 53,509 shares of the industrial products company's stock worth $1,818,000 after purchasing an additional 2,428 shares during the last quarter. Verus Capital Partners LLC lifted its stake in shares of Northwest Pipe by 58.8% in the 2nd quarter. Verus Capital Partners LLC now owns 16,500 shares of the industrial products company's stock worth $561,000 after purchasing an additional 6,110 shares during the period. Foundry Partners LLC boosted its holdings in shares of Northwest Pipe by 0.8% in the second quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company's stock worth $5,977,000 after buying an additional 1,340 shares during the last quarter. American Century Companies Inc. grew its position in Northwest Pipe by 26.7% during the second quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company's stock valued at $4,274,000 after buying an additional 26,532 shares during the period. Finally, Silver Lake Advisory LLC purchased a new stake in Northwest Pipe during the second quarter valued at approximately $743,000. Hedge funds and other institutional investors own 80.63% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on NWPX. Northland Capmk cut shares of Northwest Pipe from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 1st. StockNews.com downgraded Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Friday, December 27th. Finally, Northland Securities cut 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. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $45.00.
Check Out Our Latest Stock Analysis on NWPX
Northwest Pipe Price Performance
Shares of NWPX traded down $0.33 during mid-day trading on Wednesday, reaching $48.26. The stock had a trading volume of 38,243 shares, compared to its average volume of 43,258. The business has a fifty day moving average of $51.85 and a 200 day moving average of $44.13. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The firm has a market cap of $478.69 million, a price-to-earnings ratio of 16.41, a PEG ratio of 3.19 and a beta of 1.02. Northwest Pipe has a 12 month low of $27.89 and a 12 month high of $57.76.
Insider Buying and Selling
In related 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 transaction 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. This trade represents 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 this link. 3.30% of the stock is currently owned by insiders.
About Northwest Pipe
(
Free Report)
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.
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