Northwest Pipe (NASDAQ:NWPX) CFO Sells $15,930.00 in Stock

Northwest Pipe (NASDAQ:NWPX) CFO Aaron Wilkins sold 300 shares of Northwest Pipe stock in a transaction on Monday, November 18th. The stock was sold at an average price of $53.10, for a total transaction of $15,930.00. Following the completion of the transaction, the chief financial officer now directly owns 25,095 shares in the company, valued at $1,332,544.50. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Northwest Pipe Price Performance

Shares of NASDAQ NWPX opened at $56.29 on Friday. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 52 week low of $25.81 and a 52 week high of $56.37. The business’s 50 day moving average price is $46.72 and its 200 day moving average price is $40.45. The firm has a market cap of $558.40 million, a P/E ratio of 19.15, a P/E/G ratio of 3.33 and a beta of 0.98.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. StockNews.com raised Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Sunday, November 17th. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Northland Securities lowered shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Northwest Pipe has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Hedge Funds Weigh In On Northwest Pipe

Several institutional investors have recently made changes to their positions in NWPX. Janney Montgomery Scott LLC boosted its position in Northwest Pipe by 3.1% during the third quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 549 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Northwest Pipe by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,309 shares of the industrial products company’s stock worth $462,000 after buying an additional 598 shares during the last quarter. Covestor Ltd increased its stake in Northwest Pipe by 1,857.6% during 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 in the last quarter. Ellsworth Advisors LLC raised its holdings in shares of Northwest Pipe by 4.2% during the third quarter. Ellsworth Advisors LLC now owns 16,207 shares of the industrial products company’s stock valued at $731,000 after acquiring an additional 647 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Northwest Pipe by 6.2% during the third quarter. Stifel Financial Corp now owns 13,202 shares of the industrial products company’s stock valued at $596,000 after acquiring an additional 766 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.