SG Americas Securities LLC Acquires New Shares in Northwest Pipe (NASDAQ:NWPX)

SG Americas Securities LLC bought a new position in Northwest Pipe (NASDAQ:NWPXGet Rating) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,619 shares of the industrial products company’s stock, valued at approximately $138,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Amalgamated Bank bought a new stake in Northwest Pipe in the 1st quarter valued at about $30,000. Dorsey Wright & Associates acquired a new stake in shares of Northwest Pipe in the second quarter valued at approximately $36,000. Advisor Group Holdings Inc. raised its holdings in shares of Northwest Pipe by 13.4% during the first quarter. Advisor Group Holdings Inc. now owns 4,786 shares of the industrial products company’s stock valued at $122,000 after buying an additional 567 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Northwest Pipe by 57.0% during the first quarter. MetLife Investment Management LLC now owns 5,490 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,993 shares during the period. Finally, Bailard Inc. bought a new position in Northwest Pipe in the 2nd quarter worth approximately $240,000. 84.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Northwest Pipe in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Northwest Pipe Trading Up 1.5 %

Northwest Pipe stock opened at $34.39 on Tuesday. Northwest Pipe has a 12-month low of $24.30 and a 12-month high of $35.23. The stock has a market capitalization of $341.39 million, a PE ratio of 13.49 and a beta of 0.85. The firm has a 50 day simple moving average of $31.56 and a 200-day simple moving average of $31.18. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.94 and a quick ratio of 2.13.

Insider Activity

In other news, Director Richard A. Roman sold 1,133 shares of the company’s stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $32.04, for a total value of $36,301.32. Following the completion of the sale, the director now owns 27,745 shares in the company, valued at $888,949.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Michael C. Franson sold 1,851 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $34.00, for a total transaction of $62,934.00. Following the completion of the sale, the director now directly owns 17,636 shares of the company’s stock, valued at $599,624. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Richard A. Roman sold 1,133 shares of Northwest Pipe stock in a transaction that occurred on Thursday, October 20th. The stock was sold at an average price of $32.04, for a total transaction of $36,301.32. Following the completion of the transaction, the director now owns 27,745 shares in the company, valued at approximately $888,949.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,618 shares of company stock worth $119,542. 2.60% of the stock is owned by company insiders.

About Northwest Pipe

(Get Rating)

Northwest Pipe Company, together with its subsidiaries, manufactures and supplies 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, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.

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Institutional Ownership by Quarter for Northwest Pipe (NASDAQ:NWPX)

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