Russell Investments Group Ltd. sells 2,549 shares of Northwest Pipe (NASDAQ: NWPX)


Russell Investments Group Ltd. reduced its stake in Northwest Pipe (NASDAQ: NWPXGet a rating) by 3.3% in the 1st quarter, according to its last filing with the Securities and Exchange Commission (SEC). The fund held 74,563 shares of the industrial products company after selling 2,549 shares during the period. Russell Investments Group Ltd. owned approximately 0.75% of Northwest Pipe worth $1,896,000 at the end of the most recent reporting period.

Other institutional investors also changed their stake in the company. Asset Dedication LLC purchased a new stake in shares of Northwest Pipe in the first quarter for a value of approximately $50,000. Byrne Asset Management LLC purchased a new stake in shares of Northwest Pipe in the fourth quarter for a value of approximately $62,000. Advisor Group Holdings Inc. increased its holdings of Northwest Pipe shares 13.4% in the first quarter. Advisor Group Holdings Inc. now owns 4,786 shares of the industrial products company worth $122,000 after purchasing an additional 567 shares during the period. BNP Paribas Arbitrage SA increased its equity stake in Northwest Pipe by 55.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 4,765 shares of the industrial products company worth $152,000 after purchasing an additional 1,692 shares during the period. Finally, the Florida Retirement System State Board purchased a new stake in Northwest Pipe stock in the fourth quarter worth approximately $209,000. 82.91% of the shares are held by institutional investors.

Insiders place their bets

In other Northwest Pipe news, Director Richard A.Roman sold 3,574 shares of the company in a trade on Monday, May 23. The stock was sold at an average price of $32.00, for a total transaction of $114,368.00. As a result of the transaction, the administrator now directly owns 31,558 shares of the company, valued at approximately $1,009,856. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. In other news, CEO Scott J. Montross sold 2,500 shares of Northwest Pipe in a trade on Monday, May 23. The stock was sold at an average price of $31.39, for a total value of $78,475.00. As a result of the transaction, the CEO now directly owns 92,791 shares of the company, valued at approximately $2,912,709.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this hyperlink. Additionally, director Richard A. Roman sold 3,574 shares of Northwest Pipe in a trade on Monday, May 23. The shares were sold at an average price of $32.00, for a total value of $114,368.00. Following completion of the transaction, the administrator now owns 31,558 shares of the company, valued at $1,009,856. Disclosure of this sale can be found here. Insiders sold 12,626 shares of the company worth $408,772 in the past ninety days. 2.60% of the shares are held by insiders of the company.

A Wall Street analyst gives his opinion

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

Northwest pipe trades up 2.7%

NWPX opened at $33.57 on Wednesday. The stock’s fifty-day moving average is $30.55 and its two-hundred-day moving average is $29.32. The company has a market capitalization of $332.88 million, a P/E ratio of 16.30 and a beta of 0.76. Northwest Pipe has a 52-week low of $23.11 and a 52-week high of $34.94. The company has a quick ratio of 2.13, a current ratio of 2.94 and a leverage ratio of 0.29.

Northwest pipe profile

(Get a rating)

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 potable water systems.

See also

Want to see what other hedge funds hold NWPX? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Northwest Pipe (NASDAQ: NWPXGet a rating).

Institutional ownership by quarter for Northwest Pipe (NASDAQ:NWPX)



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