Northwest Pipe (NASDAQ:NWPX) CFO Aaron Wilkins Sells 300 Shares

Northwest Pipe (NASDAQ:NWPX) CFO Aaron Wilkins sold 300 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $53.10, for a total value of $15,930.00. Following the transaction, the chief financial officer now owns 25,095 shares of the company’s stock, valued at approximately $1,332,544.50. The trade was a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Northwest Pipe Stock Down 0.3 %

Shares of NWPX opened at $54.14 on Thursday. Northwest Pipe has a 12-month low of $25.81 and a 12-month high of $55.22. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $537.07 million, a PE ratio of 18.41, a price-to-earnings-growth ratio of 3.28 and a beta of 0.98. The business’s 50 day moving average is $46.46 and its 200 day moving average is $40.35.

Analyst Upgrades and Downgrades

NWPX has been the subject of several analyst reports. Northland Securities cut Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a report on Friday, November 1st. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, StockNews.com raised Northwest Pipe from a “hold” rating to a “buy” rating in a research note on Sunday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Northwest Pipe presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.

Institutional Trading of Northwest Pipe

Large investors have recently made changes to their positions in the stock. Covestor Ltd lifted its holdings in shares of Northwest Pipe by 1,857.6% in the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock worth $29,000 after buying an additional 613 shares during the period. Quantbot Technologies LP purchased a new stake in Northwest Pipe in the third quarter worth about $67,000. Lazard Asset Management LLC bought a new position in Northwest Pipe during the 1st quarter worth about $95,000. EntryPoint Capital LLC boosted its stake in shares of Northwest Pipe by 120.2% during the first quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,890 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Northwest Pipe in the third quarter worth approximately $165,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

Northwest Pipe Company 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.