21,865 Shares in Northwest Pipe (NASDAQ:NWPX) Bought by Silver Lake Advisory LLC

Silver Lake Advisory LLC acquired a new position in shares of Northwest Pipe (NASDAQ:NWPX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 21,865 shares of the industrial products company’s stock, valued at approximately $743,000. Silver Lake Advisory LLC owned 0.22% of Northwest Pipe as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. SG Americas Securities LLC raised its holdings in shares of Northwest Pipe by 20.4% during the 4th quarter. SG Americas Securities LLC now owns 5,378 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 912 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Northwest Pipe by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 755,883 shares of the industrial products company’s stock worth $22,873,000 after acquiring an additional 5,572 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Northwest Pipe by 11.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,522 shares of the industrial products company’s stock worth $470,000 after buying an additional 1,585 shares during the last quarter. Franklin Resources Inc. grew its holdings in Northwest Pipe by 11.0% during the fourth quarter. Franklin Resources Inc. now owns 72,942 shares of the industrial products company’s stock valued at $2,207,000 after purchasing an additional 7,242 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its holdings in Northwest Pipe by 16.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 317,067 shares of the industrial products company’s stock valued at $9,594,000 after purchasing an additional 44,756 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

Northwest Pipe Stock Performance

Shares of NWPX stock traded up $2.25 during trading hours on Friday, reaching $44.29. 81,203 shares of the company traded hands, compared to its average volume of 42,063. Northwest Pipe has a 12-month low of $25.67 and a 12-month high of $44.61. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.56 and a quick ratio of 2.40. The company has a market cap of $439.14 million, a P/E ratio of 18.68, a P/E/G ratio of 2.95 and a beta of 0.98. The firm has a 50-day moving average price of $35.59 and a 200 day moving average price of $33.77.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NWPX. Northland Securities increased their price objective on shares of Northwest Pipe from $40.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. StockNews.com upgraded shares of Northwest Pipe from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

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.