Northwest Pipe (NASDAQ: NWPX – Get a rating) CEO Scott J. Montross sold 1,500 shares of the company in a trade on Wednesday, May 18. The stock was sold at an average price of $32.00, for a total value of $48,000.00. As a result of the transaction, the CEO now directly owns 95,291 shares of the company, valued at $3,049,312. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link.
NWPX traded at $0.96 in Thursday’s midday session, hitting $31.43. 3,536 shares of the company were traded, against an average volume of 75,845. The company’s 50-day simple moving average is $27.11 and its 200-day simple moving average is $28.58. The company has a market capitalization of $311.79 million, a price-earnings ratio of 24.18 and a beta of 0.75. The company has a current ratio of 3.46, a quick ratio of 2.56 and a debt ratio of 0.31. Northwest Pipe has a 1-year low of $23.11 and a 1-year high of $34.52.
Northwest Pipe (NASDAQ: NWPX – Get a rating) last reported results on Wednesday, May 4. The industrial products company reported earnings per share (EPS) of $0.42 for the quarter, beating the consensus estimate of $0.32 by $0.10. Northwest Pipe had a net margin of 3.49% and a return on equity of 6.53%. The company posted revenue of $109.33 million for the quarter, versus analyst estimates of $100.00 million. On average, stock analysts expect Northwest Pipe to post EPS of 2.77 for the current year.
A number of stock analysts have recently released reports on the company. DA Davidson reaffirmed a “buy” rating on Northwest Pipe shares in a Thursday, March 17 research report. TheStreet upgraded Northwest Pipe from a “c+” rating to a “b” rating in a research report on Tuesday, May 10. Zacks Investment Research upgraded Northwest Pipe from a “sell” rating to a “hold” rating in a Tuesday, March 22, research report. To finish, StockNews.com upgraded Northwest Pipe from a “sell” rating to a “hold” rating in a Saturday, March 26 research report.
Hedge funds have recently been buying and selling shares of the company. Russell Investments Group Ltd. increased its stake in Northwest Pipe shares by 10.1% during the 4th quarter. Russell Investments Group Ltd. now owns 77,112 shares of the industrial products company worth $2,450,000 after acquiring an additional 7,074 shares last quarter. Atom Investors LP increased its stake in Northwest Pipe shares by 26.4% during the third quarter. Atom Investors LP now owns 57,415 shares of the industrial products company worth $1,361,000 after acquiring 12,005 additional shares last quarter. Barclays PLC increased its stake in Northwest Pipe shares by 183.0% during the third quarter. Barclays PLC now owns 3,956 shares in the industrial products company worth $94,000 after acquiring 2,558 more shares last quarter. Denali Advisors LLC purchased a new stake in Northwest Pipe stock during Q4 for approximately $92,000. Finally, Citigroup Inc. increased its stake in Northwest Pipe shares by 134.5% during the third quarter. Citigroup Inc. now owns 1,128 shares of the industrial products company worth $27,000 after acquiring 647 additional shares in the last quarter. 82.91% of the shares are currently held by institutional investors and hedge funds.
About Northwest Pipe (Get a rating)
Northwest Pipe Company, together with its subsidiaries, manufactures and supplies 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 high-pressure steel pipeline systems for water infrastructure applications, which are primarily related to potable water systems.
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