Royce & Associates LP Sells 100,126 Shares of Northwest Pipe (NASDAQ:NWPX)

Royce & Associates LP lessened its position in Northwest Pipe (NASDAQ:NWPX) by 14.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 576,571 shares of the industrial products company’s stock after selling 100,126 shares during the quarter. Royce & Associates LP owned 5.81% of Northwest Pipe worth $26,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd boosted its position in Northwest Pipe by 1,857.6% during the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after buying an additional 613 shares during the period. Lazard Asset Management LLC purchased a new stake in Northwest Pipe during the first quarter valued at about $95,000. EntryPoint Capital LLC boosted its position in Northwest Pipe by 120.2% during the first quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock valued at $120,000 after buying an additional 1,890 shares during the period. SG Americas Securities LLC purchased a new stake in Northwest Pipe during the third quarter valued at about $165,000. Finally, Semanteon Capital Management LP purchased a new stake in Northwest Pipe during the third quarter valued at about $230,000. Institutional investors own 80.63% of the company’s stock.

Northwest Pipe Stock Performance

Northwest Pipe stock opened at $53.25 on Friday. 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 firm has a 50-day moving average of $45.66 and a 200-day moving average of $39.84. The firm has a market cap of $528.24 million, a P/E ratio of 18.11, a P/E/G ratio of 3.21 and a beta of 0.98. Northwest Pipe has a 1-year low of $25.81 and a 1-year high of $55.22.

Insider Transactions at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the sale, the vice president now directly owns 9,725 shares in the company, valued at $430,039.50. This trade represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Miles Brittain sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the completion of the sale, the executive vice president now owns 25,858 shares of the company’s stock, valued at $1,083,450.20. This trade represents a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,500 shares of company stock worth $275,140. Company insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

NWPX has been the subject of several analyst reports. StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Saturday, November 9th. Northland Securities lowered shares of 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. Finally, Northland Capmk lowered shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.00.

Northwest Pipe 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.