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

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

Northwest Pipe Price Performance

Shares of NWPX stock opened at $56.29 on Friday. The stock has a market capitalization of $558.40 million, a price-to-earnings ratio of 19.15, a P/E/G ratio of 3.33 and a beta of 0.98. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. Northwest Pipe has a twelve month low of $25.81 and a twelve month high of $56.37. The stock has a fifty day simple moving average of $46.72 and a two-hundred day simple moving average of $40.45.

Institutional Trading of Northwest Pipe

A number of hedge funds have recently added to or reduced their stakes in NWPX. Ellsworth Advisors LLC purchased a new stake in shares of Northwest Pipe in the 2nd quarter worth approximately $529,000. Silver Lake Advisory LLC bought a new stake in Northwest Pipe during the 2nd quarter valued at $743,000. Assenagon Asset Management S.A. increased its holdings in shares of Northwest Pipe by 7.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock valued at $2,396,000 after acquiring an additional 3,718 shares during the period. American Century Companies Inc. raised its position in shares of 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 worth $4,274,000 after acquiring an additional 26,532 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in shares of Northwest Pipe by 4.2% during the 1st quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock worth $1,950,000 after purchasing an additional 2,281 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NWPX shares. Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. StockNews.com raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research note on Sunday, November 17th. 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 report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Northwest Pipe has an average rating of “Moderate Buy” and an average price target of $45.00.

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.