Silver Lake Advisory LLC Makes New $743,000 Investment in Northwest Pipe (NASDAQ:NWPX)

Silver Lake Advisory LLC purchased a new stake in Northwest Pipe (NASDAQ:NWPX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 21,865 shares of the industrial products company’s stock, valued at approximately $743,000.

A number of other institutional investors and hedge funds have also modified their holdings of NWPX. Lazard Asset Management LLC bought a new position in shares of Northwest Pipe in the first quarter worth about $95,000. EntryPoint Capital LLC boosted 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 purchasing an additional 1,890 shares during the period. BNP Paribas Financial Markets grew its position in Northwest Pipe by 216.4% in the 1st quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company’s stock worth $302,000 after purchasing an additional 5,954 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Northwest Pipe by 80.0% during the 1st quarter. Manchester Capital Management LLC now owns 10,710 shares of the industrial products company’s stock worth $371,000 after purchasing an additional 4,760 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Northwest Pipe during the first quarter valued at about $400,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.37, for a total value of $42,370.00. Following the completion of the sale, the vice president now owns 10,725 shares in the company, valued at approximately $454,418.25. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Northwest Pipe news, EVP Miles Brittain sold 4,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 25,858 shares of the company’s stock, valued at approximately $1,083,450.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Megan A. Kendrick sold 1,000 shares of the firm’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 transaction, the vice president now directly owns 10,725 shares of the company’s stock, valued at approximately $454,418.25. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

NWPX has been the subject of a number of research reports. StockNews.com upgraded Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Monday, August 5th. Northland Securities lifted their price target on shares of Northwest Pipe from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd.

Northwest Pipe Stock Up 5.6 %

NASDAQ:NWPX opened at $45.47 on Friday. The company has a market cap of $450.84 million, a price-to-earnings ratio of 19.11, a P/E/G ratio of 2.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.19 and a current ratio of 3.06. The stock’s fifty day moving average price is $41.38 and its two-hundred day moving average price is $36.61. Northwest Pipe has a 52-week low of $25.67 and a 52-week high of $46.25.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.67 by $0.19. Northwest Pipe had a net margin of 5.33% and a return on equity of 7.34%. The company had revenue of $129.51 million during the quarter, compared to analysts’ expectations of $119.76 million. On average, analysts anticipate that Northwest Pipe will post 2.96 EPS for the current year.

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.