Northwest Pipe (NASDAQ:NWPX) VP Megan A. Kendrick Sells 1,000 Shares

Northwest Pipe (NASDAQ:NWPX) VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $454,418.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Northwest Pipe Price Performance

Shares of NWPX opened at $43.93 on Wednesday. The business has a 50-day simple moving average of $39.85 and a two-hundred day simple moving average of $35.89. Northwest Pipe has a 12-month low of $25.67 and a 12-month high of $46.25. The stock has a market cap of $435.57 million, a PE ratio of 18.46, a PEG ratio of 2.74 and a beta of 0.99. The company has a quick ratio of 2.19, a current ratio of 3.06 and a debt-to-equity ratio of 0.22.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.19. Northwest Pipe had a return on equity of 7.34% and a net margin of 5.33%. The company had revenue of $129.51 million during the quarter, compared to the consensus estimate of $119.76 million. Analysts anticipate that Northwest Pipe will post 2.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Northwest Pipe

Several institutional investors and hedge funds have recently added to or reduced their stakes in NWPX. Lazard Asset Management LLC acquired a new position in shares of Northwest Pipe during the first quarter worth $95,000. EntryPoint Capital LLC lifted its holdings in Northwest Pipe by 120.2% during the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock worth $120,000 after buying an additional 1,890 shares during the period. BNP Paribas Financial Markets lifted its holdings in Northwest Pipe by 216.4% during the 1st quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company’s stock worth $302,000 after buying an additional 5,954 shares during the period. Manchester Capital Management LLC grew its position in shares of Northwest Pipe by 80.0% in the 1st quarter. Manchester Capital Management LLC now owns 10,710 shares of the industrial products company’s stock valued at $371,000 after buying an additional 4,760 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Northwest Pipe during the first quarter worth about $400,000. 80.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on NWPX. StockNews.com raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a report on Monday, August 5th. Northland Securities raised their price target on shares of Northwest Pipe from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.

About Northwest Pipe

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.