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

Northwest Pipe (NASDAQ:NWPX) VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.37, for a total value of $42,370.00. Following the sale, the vice president now directly owns 10,725 shares of the company’s stock, valued at approximately $454,418.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Northwest Pipe Stock Down 2.2 %

NWPX opened at $42.95 on Thursday. The stock has a fifty day moving average of $40.08 and a 200-day moving average of $35.99. The company has a market capitalization of $425.85 million, a P/E ratio of 18.05, a P/E/G ratio of 2.74 and a beta of 0.99. Northwest Pipe has a fifty-two week low of $25.67 and a fifty-two week high of $46.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.19 and a current ratio of 3.06.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.19. Northwest Pipe had a net margin of 5.33% and a return on equity of 7.34%. The business had revenue of $129.51 million during the quarter, compared to analysts’ expectations of $119.76 million. On average, equities analysts expect that Northwest Pipe will post 2.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NWPX shares. Northland Securities lifted their target price on shares of Northwest Pipe from $40.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. StockNews.com upgraded Northwest Pipe from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Institutional Investors Weigh In On Northwest Pipe

A number of large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Northwest Pipe by 4.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,309 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 598 shares during the period. Foundry Partners LLC lifted its position in Northwest Pipe by 0.8% during the second quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company’s stock worth $5,977,000 after purchasing an additional 1,340 shares during the period. Assenagon Asset Management S.A. grew its stake in Northwest Pipe by 3.0% during the first quarter. Assenagon Asset Management S.A. now owns 50,831 shares of the industrial products company’s stock worth $1,763,000 after buying an additional 1,465 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Northwest Pipe by 9.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,029 shares of the industrial products company’s stock valued at $591,000 after buying an additional 1,507 shares during the period. Finally, EntryPoint Capital LLC raised its position in shares of Northwest Pipe by 120.2% in the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock valued at $120,000 after buying an additional 1,890 shares in the last quarter. Institutional investors and hedge funds 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.