Northwest Pipe (NASDAQ:NWPX) CFO Aaron Wilkins Sells 1,000 Shares

Northwest Pipe (NASDAQ:NWPX) CFO Aaron Wilkins sold 1,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,032,548. The trade was a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Northwest Pipe Stock Performance

NWPX opened at $42.82 on Thursday. Northwest Pipe has a 1-year low of $31.16 and a 1-year high of $57.76. The stock has a market cap of $425.42 million, a P/E ratio of 14.56, a P/E/G ratio of 2.85 and a beta of 1.09. The stock’s 50 day simple moving average is $46.81 and its 200 day simple moving average is $47.86. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27.

Institutional Trading of Northwest Pipe

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in shares of Northwest Pipe by 35.9% during the 4th quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company’s stock worth $10,496,000 after buying an additional 57,398 shares during the last quarter. Millennium Management LLC increased its holdings in Northwest Pipe by 73.4% during the 4th quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company’s stock valued at $5,636,000 after acquiring an additional 49,446 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Northwest Pipe by 5.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,713 shares of the industrial products company’s stock worth $39,029,000 after acquiring an additional 43,659 shares during the last quarter. Zacks Investment Management purchased a new stake in shares of Northwest Pipe in the third quarter valued at about $1,607,000. Finally, Renaissance Technologies LLC grew its position in shares of Northwest Pipe by 198.1% in the fourth quarter. Renaissance Technologies LLC now owns 32,200 shares of the industrial products company’s stock valued at $1,554,000 after purchasing an additional 21,400 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NWPX shares. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Sidoti upgraded shares of Northwest Pipe to a “hold” rating in a research report on Tuesday, February 25th. Finally, Northland Securities increased their price target on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, January 3rd.

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.