Northwest Pipe (NASDAQ:NWPX) Director Keith R. Larson Sells 1,000 Shares of Stock

Northwest Pipe (NASDAQ:NWPX) Director Keith R. Larson sold 1,000 shares of Northwest Pipe stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $30.90, for a total value of $30,900.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NWPX traded down $0.37 during mid-day trading on Thursday, hitting $31.42. The stock had a trading volume of 42,059 shares, compared to its average volume of 47,495. The company has a market cap of $310.15 million, a PE ratio of 21.52 and a beta of 0.91. The company’s fifty day simple moving average is $25.66 and its two-hundred day simple moving average is $27.54. The company has a quick ratio of 4.26, a current ratio of 4.37 and a debt-to-equity ratio of 0.01. Northwest Pipe has a fifty-two week low of $23.11 and a fifty-two week high of $38.08.

Northwest Pipe (NASDAQ:NWPX) last issued its earnings results on Sunday, November 7th. The industrial products company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.33 by $0.21. Northwest Pipe had a return on equity of 5.58% and a net margin of 4.82%. During the same period last year, the business posted $0.78 earnings per share. Equities analysts expect that Northwest Pipe will post 1.43 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its position in Northwest Pipe by 134.5% during the 3rd quarter. Citigroup Inc. now owns 1,128 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 647 shares during the period. UBS Group AG boosted its position in Northwest Pipe by 39.0% during the 1st quarter. UBS Group AG now owns 2,595 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 728 shares during the period. WINTON GROUP Ltd boosted its position in Northwest Pipe by 5.4% during the 3rd quarter. WINTON GROUP Ltd now owns 15,210 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 781 shares during the period. Stifel Financial Corp boosted its position in Northwest Pipe by 3.9% during the 2nd quarter. Stifel Financial Corp now owns 22,065 shares of the industrial products company’s stock valued at $623,000 after purchasing an additional 821 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Northwest Pipe by 3.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,240 shares of the industrial products company’s stock worth $714,000 after acquiring an additional 915 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Northwest Pipe from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Saturday, November 13th. TheStreet upgraded Northwest Pipe from a “c+” rating to a “b” rating in a research report on Thursday, November 11th.

Northwest Pipe Company Profile

Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the Water Infrastructure segment, which produces engineered pipeline systems including steel pipe, reinforced concrete pipe, and protective linings. These pipeline systems are primarily used in water infrastructure including drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.

Read More: What are earnings reports?

Insider Buying and Selling by Quarter for Northwest Pipe (NASDAQ:NWPX)

Receive News & Ratings for Northwest Pipe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Pipe and related companies with MarketBeat.com's FREE daily email newsletter.