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

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 transaction of $44,000.00. Following the transaction, the chief financial officer now owns 23,467 shares of the company’s stock, valued at $1,032,548. This trade represents a 4.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Northwest Pipe Stock Down 0.8 %

Shares of NASDAQ:NWPX traded down $0.37 during trading on Tuesday, hitting $43.52. 53,160 shares of the company were exchanged, compared to its average volume of 49,938. 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 firm’s 50 day moving average price is $47.00 and its 200-day moving average price is $47.88. The stock has a market capitalization of $432.37 million, a P/E ratio of 14.80, a PEG ratio of 2.85 and a beta of 1.09. Northwest Pipe has a 12-month low of $31.16 and a 12-month high of $57.76.

Institutional Investors Weigh In On Northwest Pipe

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 purchasing an additional 43,659 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Northwest Pipe by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company’s stock valued at $10,814,000 after purchasing an additional 801 shares during the period. American Century Companies Inc. grew its stake in 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 position in 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 buying an additional 49,446 shares during the period. Finally, Northern Trust Corp increased its position in Northwest Pipe by 2.1% during the fourth quarter. Northern Trust Corp now owns 102,317 shares of the industrial products company’s stock worth $4,938,000 after buying an additional 2,142 shares during the period. 80.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Northland Securities upped 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. Finally, Sidoti upgraded Northwest Pipe to a “hold” rating in a report on Tuesday, February 25th.

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.