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

Janney Montgomery Scott LLC increased its stake in shares of Northwest Pipe (NASDAQ:NWPX) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,147 shares of the industrial products company’s stock after purchasing an additional 549 shares during the period. Janney Montgomery Scott LLC’s holdings in Northwest Pipe were worth $819,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Northwest Pipe by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,309 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 598 shares during the last quarter. Ellsworth Advisors LLC raised its holdings in Northwest Pipe by 4.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 16,207 shares of the industrial products company’s stock valued at $731,000 after acquiring an additional 647 shares during the last quarter. Foundry Partners LLC raised its holdings in Northwest Pipe by 0.8% in the 2nd quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company’s stock valued at $5,977,000 after acquiring an additional 1,340 shares during the last quarter. EntryPoint Capital LLC raised its holdings in 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 acquiring an additional 1,890 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in Northwest Pipe by 4.2% in the 1st quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock valued at $1,950,000 after acquiring an additional 2,281 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Northwest Pipe Stock Up 0.2 %

Shares of NASDAQ NWPX opened at $53.25 on Monday. Northwest Pipe has a 52-week low of $25.81 and a 52-week high of $55.22. The firm has a fifty day moving average of $45.66 and a 200-day moving average of $39.95. The stock has a market capitalization of $528.24 million, a PE ratio of 18.11, a P/E/G ratio of 3.21 and a beta of 0.98. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17.

Insider Activity

In other news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the completion of the sale, the vice president now directly owns 10,725 shares of the company’s stock, valued at $454,418.25. The trade was a 8.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Miles Brittain sold 4,500 shares of the business’s stock in a transaction 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 directly owns 25,858 shares of the company’s stock, valued at $1,083,450.20. This represents a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,500 shares of company stock valued at $275,140 in the last ninety days. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

NWPX has been the subject of several analyst reports. StockNews.com upgraded Northwest Pipe from a “hold” rating to a “buy” rating in a report on Sunday. Northland Securities downgraded Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a report on Friday, November 1st. Finally, Northland Capmk downgraded Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.00.

About Northwest Pipe

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.