Jane Street Group LLC Takes Position in Northwest Pipe (NASDAQ:NWPX)

Jane Street Group LLC acquired a new position in Northwest Pipe (NASDAQ:NWPX) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 20,927 shares of the industrial products company’s stock, valued at approximately $944,000.

Several other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in Northwest Pipe by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock valued at $4,274,000 after acquiring an additional 26,532 shares in the last quarter. Silver Lake Advisory LLC bought a new stake in shares of Northwest Pipe during the second quarter valued at about $743,000. Inspire Investing LLC acquired a new stake in Northwest Pipe in the third quarter worth about $417,000. Victory Capital Management Inc. grew its position in Northwest Pipe by 19.4% in the 3rd quarter. Victory Capital Management Inc. now owns 52,686 shares of the industrial products company’s stock valued at $2,378,000 after buying an additional 8,576 shares in the last quarter. Finally, Verus Capital Partners LLC increased its stake in Northwest Pipe by 58.8% during the 2nd quarter. Verus Capital Partners LLC now owns 16,500 shares of the industrial products company’s stock valued at $561,000 after buying an additional 6,110 shares during the period. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NWPX has been the subject of a number of research analyst reports. Northland Capmk lowered shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Northland Securities downgraded Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price objective on the stock. in a research note on Friday, November 1st. Finally, StockNews.com cut Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday, December 27th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.00.

Insider Activity

In other news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total transaction of $44,220.00. Following the sale, the vice president now directly owns 9,725 shares of the company’s stock, valued at $430,039.50. The trade was a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.30% of the company’s stock.

Northwest Pipe Trading Down 0.7 %

Shares of NASDAQ:NWPX opened at $48.26 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The stock has a market capitalization of $478.69 million, a price-to-earnings ratio of 16.41, a PEG ratio of 3.19 and a beta of 1.02. Northwest Pipe has a 1-year low of $27.89 and a 1-year high of $57.76. The company has a 50 day moving average price of $51.70 and a 200 day moving average price of $43.99.

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.