Posted by admin on Aug 11th, 2022

Victory Capital Management Inc. lessened its stake in Northwest Pipe (NASDAQ:NWPX – Get Rating) by 1.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,706 shares of the industrial products company’s stock after selling 1,330 shares during the period. Victory Capital Management Inc. owned 1.12% of Northwest Pipe worth $2,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in NWPX. Asset Dedication LLC purchased a new position in shares of Northwest Pipe in the 1st quarter worth approximately $50,000. Byrne Asset Management LLC acquired a new stake in Northwest Pipe in the fourth quarter valued at approximately $62,000. BNP Paribas Arbitrage SA increased its position in shares of Northwest Pipe by 55.1% during the fourth quarter. BNP Paribas Arbitrage SA now owns 4,765 shares of the industrial products company’s stock worth $152,000 after purchasing an additional 1,692 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of Northwest Pipe during the fourth quarter worth $209,000. Finally, Connors Investor Services Inc. acquired a new position in shares of Northwest Pipe during the fourth quarter worth $267,000. 82.91% of the stock is currently owned by institutional investors.

In other news, CEO Scott J. Montross sold 1,000 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $30.00, for a total transaction of $30,000.00. Following the transaction, the chief executive officer now directly owns 96,791 shares of the company’s stock, valued at $2,903,730. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Scott J. Montross sold 1,000 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the transaction, the chief executive officer now directly owns 96,791 shares of the company’s stock, valued at approximately $2,903,730. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Scott J. Montross sold 1,500 shares of the company’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $32.00, for a total value of $48,000.00. Following the completion of the transaction, the chief executive officer now directly owns 95,291 shares in the company, valued at $3,049,312. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,552 shares of company stock valued at $692,661. Corporate insiders own 2.60% of the company’s stock.

Shares of NWPX stock opened at $31.34 on Thursday. The business’s fifty day simple moving average is $30.68 and its 200-day simple moving average is $29.23. The company has a market cap of $310.77 million, a PE ratio of 24.11 and a beta of 0.76. The company has a current ratio of 3.46, a quick ratio of 2.56 and a debt-to-equity ratio of 0.31. Northwest Pipe has a 12-month low of $23.11 and a 12-month high of $34.94.

Separately, TheStreet raised Northwest Pipe from a “c+” rating to a “b” rating in a research report on Tuesday, May 10th.

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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