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

Northwest Pipe (NASDAQ:NWPX) CFO Aaron Wilkins sold 1,000 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $44.00, for a total transaction of $44,000.00. Following the completion of the transaction, the chief financial officer now directly 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Northwest Pipe Trading Down 1.6 %

Shares of Northwest Pipe stock opened at $42.82 on Thursday. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $46.81 and a 200-day simple moving average of $47.86. The stock has a market cap of $425.42 million, a price-to-earnings ratio of 14.56, 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NWPX shares. StockNews.com cut Northwest Pipe from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Northland Securities lifted their price objective 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. Finally, Sidoti upgraded shares of Northwest Pipe to a “hold” rating in a report on Tuesday, February 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NWPX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Northwest Pipe by 5.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 808,713 shares of the industrial products company’s stock valued at $39,029,000 after acquiring an additional 43,659 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Northwest Pipe by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 224,033 shares of the industrial products company’s stock worth $10,814,000 after purchasing an additional 801 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Northwest Pipe by 35.9% during the fourth quarter. American Century Companies Inc. now owns 217,479 shares of the industrial products company’s stock worth $10,496,000 after purchasing an additional 57,398 shares during the period. Millennium Management LLC grew its position in Northwest Pipe by 73.4% in the 4th quarter. Millennium Management LLC now owns 116,792 shares of the industrial products company’s stock valued at $5,636,000 after buying an additional 49,446 shares during the last quarter. Finally, Northern Trust Corp grew its position in Northwest Pipe by 2.1% in the 4th quarter. Northern Trust Corp now owns 102,317 shares of the industrial products company’s stock valued at $4,938,000 after buying an additional 2,142 shares during the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

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.