Miles Brittain Sells 4,500 Shares of Northwest Pipe (NASDAQ:NWPX) Stock

Northwest Pipe (NASDAQ:NWPX) EVP Miles Brittain sold 4,500 shares of Northwest Pipe stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total value of $188,550.00. Following the completion of the sale, the executive vice president now directly owns 25,858 shares in the company, valued at approximately $1,083,450.20. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Northwest Pipe Trading Down 1.5 %

Shares of NWPX opened at $40.88 on Friday. Northwest Pipe has a twelve month low of $25.67 and a twelve month high of $46.25. The company has a current ratio of 3.06, a quick ratio of 2.19 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $405.33 million, a P/E ratio of 17.18, a PEG ratio of 2.97 and a beta of 0.98. The firm’s 50-day moving average is $38.84 and its two-hundred day moving average is $35.28.

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

Institutional Trading of Northwest Pipe

Large investors have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in shares of Northwest Pipe during the 1st quarter worth $95,000. EntryPoint Capital LLC raised its position in Northwest Pipe by 120.2% during the first quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock worth $120,000 after acquiring an additional 1,890 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Northwest Pipe by 216.4% in the first quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 5,954 shares in the last quarter. Manchester Capital Management LLC grew its position in shares of Northwest Pipe by 80.0% in the first quarter. Manchester Capital Management LLC now owns 10,710 shares of the industrial products company’s stock valued at $371,000 after purchasing an additional 4,760 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Northwest Pipe during the 1st quarter worth approximately $400,000. Institutional investors and hedge funds own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NWPX. Northland Securities lifted their price target on Northwest Pipe from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. StockNews.com raised Northwest Pipe from a “hold” rating to a “buy” rating in a report on Monday, August 5th.

Northwest Pipe Company Profile

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.