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

Northwest Pipe (NASDAQ:NWPX) CFO Aaron Wilkins sold 1,000 shares of the firm’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $44.00, for a total value of $44,000.00. Following the transaction, the chief financial officer now owns 23,467 shares of the company’s stock, valued at approximately $1,032,548. This represents a 4.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Northwest Pipe Trading Down 1.0 %

NWPX opened at $42.41 on Friday. The business has a fifty day moving average price of $46.67 and a 200 day moving average price of $47.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. Northwest Pipe has a 12 month low of $31.16 and a 12 month high of $57.76. The stock has a market capitalization of $421.34 million, a price-to-earnings ratio of 14.43, a PEG ratio of 2.85 and a beta of 1.09.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NWPX. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Northland Securities increased their price target on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Finally, Sidoti raised shares of Northwest Pipe to a “hold” rating in a research note on Tuesday, February 25th.

Hedge Funds Weigh In On Northwest Pipe

A number of institutional investors and hedge funds have recently made changes to their positions in NWPX. Squarepoint Ops LLC lifted its stake in Northwest Pipe by 190.5% in the fourth quarter. Squarepoint Ops LLC now owns 15,156 shares of the industrial products company’s stock worth $731,000 after acquiring an additional 9,939 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Northwest Pipe by 27.4% in the 4th quarter. Two Sigma Investments LP now owns 35,297 shares of the industrial products company’s stock valued at $1,703,000 after purchasing an additional 7,593 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Northwest Pipe by 21.2% during the 4th quarter. Two Sigma Advisers LP now owns 48,600 shares of the industrial products company’s stock worth $2,345,000 after purchasing an additional 8,500 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Northwest Pipe during the 4th quarter worth $53,000. Finally, Millennium Management LLC grew its stake in shares of Northwest Pipe by 73.4% during the fourth 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 in the last quarter. 80.63% of the stock is 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.