Insider Selling: Northwest Pipe (NASDAQ:NWPX) VP Sells 1,000 Shares of Stock

Northwest Pipe (NASDAQ:NWPX) VP Megan A. Kendrick sold 1,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the transaction, the vice president now directly owns 9,725 shares of the company’s stock, valued at approximately $430,039.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Northwest Pipe Stock Up 1.7 %

NWPX stock opened at $45.35 on Thursday. The firm has a market cap of $449.65 million, a PE ratio of 19.05, a PEG ratio of 2.94 and a beta of 0.98. Northwest Pipe has a one year low of $25.67 and a one year high of $46.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.19 and a current ratio of 3.06. The firm’s 50 day moving average price is $43.08 and its 200-day moving average price is $37.52.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NWPX. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Monday, September 30th. Northland Securities raised their target price on Northwest Pipe from $40.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd.

Hedge Funds Weigh In On Northwest Pipe

Several large investors have recently made changes to their positions in the stock. Ellsworth Advisors LLC raised its position in Northwest Pipe by 4.2% in the third quarter. Ellsworth Advisors LLC now owns 16,207 shares of the industrial products company’s stock valued at $731,000 after purchasing an additional 647 shares during the period. Inspire Investing LLC purchased a new stake in shares of Northwest Pipe in the 3rd quarter valued at $417,000. SG Americas Securities LLC acquired a new position in Northwest Pipe during the 3rd quarter worth about $165,000. Silver Lake Advisory LLC purchased a new position in Northwest Pipe during the 2nd quarter valued at about $743,000. Finally, American Century Companies Inc. grew its position in Northwest Pipe by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock valued at $4,274,000 after acquiring an additional 26,532 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.