Royce & Associates increased stake in Northwest Pipe Company

Royce & Associates increased stake in Northwest Pipe Company

© Reuters.  Royce & Associates increased stake in Northwest Pipe Company © Reuters. Royce & Associates increased stake in Northwest Pipe Company

On the 31st of December, Royce & Associates added 62 thousand Northwest Pipe Company (NASDAQ:NWPX) shares for $1.8 million at an average price of $28.30 per share. Shares of Northwest Pipe Company are down -3.89% since the transaction.

Royce & Associates's holding in Northwest Pipe Company increased to about 1 million shares with the purchase.

Royce & Associates first bought Northwest Pipe Company stock in the fourth quarter of 2006. Royce & Associates also owns Reliance Steel And Aluminum Co (RS), Universal Stainless & Alloy Pro (USAP), Cleveland-Cliffs Inc. (NYSE:CLF) and Worthington Industries, Inc. (NYSE:WOR). Northwest Pipe Company is its number one position by number of shares and market value among iron & steel stocks.

Contrary to Royce & Associates, Citigroup (NYSE:C) reduced NWPX shares, while Victory Capital Management sold all their NWPX shares.

Royce & Associates has also recently reduced their share in Synalloy Corporation (SYNL). The total value of the shares sold is estimated at around $3.9 million.

Royce & Associates also reduced their share in Kimball International, Inc. (KBAL), Insteel Industries , Inc. (NASDAQ:IIIN), Northrim BanCorp Inc (NRIM) and SEACOR Marine Holdings Inc . (NYSE:SMHI). The total value of the shares sold is estimated at around $37 million.

In addition, Royce & Associates added to their share in OneWater Marine Inc. (NASDAQ:ONEW).

Original Article

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