Insider Selling: Northwest Pipe (NASDAQ:NWPX) CFO Sells $44,000.00 in Stock

Northwest Pipe (NASDAQ:NWPX) CFO Aaron Wilkins sold 1,000 shares of the company’s stock in a transaction on Monday, March 24th. The stock was sold at an average price of $44.00, for a total transaction of $44,000.00. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Northwest Pipe Price Performance

Shares of NWPX stock opened at $42.41 on Friday. 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 capitalization of $421.34 million, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.85 and a beta of 1.09. The firm’s 50-day moving average is $46.67 and its two-hundred day moving average is $47.83. Northwest Pipe has a 12 month low of $31.16 and a 12 month high of $57.76.

Institutional Trading of Northwest Pipe

Several institutional investors have recently made changes to their positions in NWPX. Jane Street Group LLC purchased a new position in Northwest Pipe in the third quarter worth approximately $944,000. JPMorgan Chase & Co. lifted its stake in shares of Northwest Pipe by 34.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 14,374 shares during the last quarter. Barclays PLC grew its holdings in shares of Northwest Pipe by 272.8% during the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock worth $586,000 after purchasing an additional 9,514 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Northwest Pipe during the 4th quarter worth about $381,000. Finally, AlphaQuest LLC purchased a new stake in Northwest Pipe in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.