Northwest Pipe (NASDAQ:NWPX - Get Free Report) CFO Aaron Wilkins sold 1,000 shares of Northwest Pipe stock in a transaction on Monday, March 24th. The shares were sold at an average price of $44.00, for a total value of $44,000.00. Following the completion of the sale, the chief financial officer now directly owns 23,467 shares of the company's stock, valued at $1,032,548. The trade was a 4.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Northwest Pipe Price Performance
Shares of NASDAQ NWPX opened at $43.52 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. The company has a market cap of $432.37 million, a price-to-earnings ratio of 14.80, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The stock's 50-day moving average is $46.92 and its two-hundred day moving average is $47.90. Northwest Pipe has a 1-year low of $31.16 and a 1-year high of $57.76.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on NWPX. Northland Securities lifted their target price on Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. Sidoti upgraded shares of Northwest Pipe to a "hold" rating in a report on Tuesday, February 25th. Finally, StockNews.com cut shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th.
View Our Latest Analysis on Northwest Pipe
Institutional Trading of Northwest Pipe
Large investors have recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in Northwest Pipe by 35.9% during the 4th quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company's stock worth $10,496,000 after acquiring an additional 57,398 shares in the last quarter. Millennium Management LLC lifted its position in shares of Northwest Pipe by 73.4% during the 4th quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company's stock worth $5,636,000 after purchasing an additional 49,446 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Northwest Pipe by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,713 shares of the industrial products company's stock worth $39,029,000 after purchasing an additional 43,659 shares in the last quarter. Zacks Investment Management purchased a new position in Northwest Pipe in the third quarter valued at $1,607,000. Finally, Renaissance Technologies LLC raised its stake in Northwest Pipe by 198.1% in the fourth quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company's stock valued at $1,554,000 after buying an additional 21,400 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.
Northwest Pipe Company Profile
(
Get Free Report)
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.
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