Northwest Pipe (NASDAQ:NWPX) VP Megan A. Kendrick Sells 1,000 Shares

Northwest Pipe (NASDAQ:NWPX) VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the sale, the vice president now owns 9,725 shares in the company, valued at approximately $430,039.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Northwest Pipe Price Performance

Shares of NASDAQ NWPX opened at $45.35 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.06 and a quick ratio of 2.19. The stock has a market capitalization of $449.65 million, a price-to-earnings ratio of 19.05, a PEG ratio of 2.94 and a beta of 0.98. The firm’s 50 day simple moving average is $43.08 and its 200-day simple moving average is $37.52. Northwest Pipe has a 12 month low of $25.67 and a 12 month high of $46.25.

Northwest Pipe (NASDAQ:NWPX) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.67 by $0.19. The company had revenue of $129.51 million for the quarter, compared to analyst estimates of $119.76 million. Northwest Pipe had a net margin of 5.33% and a return on equity of 7.34%. Analysts expect that Northwest Pipe will post 2.96 EPS for the current year.

Wall Street Analysts Forecast Growth

NWPX has been the topic of several recent research reports. Northland Securities upped their price objective on shares of Northwest Pipe from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. StockNews.com downgraded Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Monday, September 30th.

Hedge Funds Weigh In On Northwest Pipe

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. grew its holdings in Northwest Pipe by 26.7% in the second quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock valued at $4,274,000 after purchasing an additional 26,532 shares during the period. Pullen Investment Management LLC purchased a new stake in Northwest Pipe in the 1st quarter worth $839,000. Silver Lake Advisory LLC acquired a new position in Northwest Pipe during the second quarter worth $743,000. Ellsworth Advisors LLC purchased a new position in Northwest Pipe during the second quarter valued at $529,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Northwest Pipe in the first quarter valued at about $400,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

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.