Posted by admin on May 25th, 2022
Northwest Pipe (NASDAQ:NWPX – Get Rating) CEO Scott J. Montross sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $31.39, for a total transaction of $78,475.00. Following the sale, the chief executive officer now directly owns 92,791 shares in the company, valued at approximately $2,912,709.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NASDAQ:NWPX traded up $1.21 during midday trading on Tuesday, reaching $34.40. 143,008 shares of the company’s stock traded hands, compared to its average volume of 52,637. The company has a fifty day simple moving average of $27.29 and a two-hundred day simple moving average of $28.78. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.56 and a current ratio of 3.46. The company has a market cap of $341.11 million, a P/E ratio of 26.46 and a beta of 0.75. Northwest Pipe has a 1 year low of $23.11 and a 1 year high of $34.70.
Northwest Pipe (NASDAQ:NWPX – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. The company had revenue of $109.33 million for the quarter, compared to analyst estimates of $100.00 million. Northwest Pipe had a return on equity of 6.53% and a net margin of 3.49%. As a group, research analysts forecast that Northwest Pipe will post 2.77 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Citigroup Inc. lifted its holdings in Northwest Pipe by 134.5% in 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 in the last quarter. Byrne Asset Management LLC purchased a new position in Northwest Pipe in the 4th quarter valued at $62,000. Asset Dedication LLC purchased a new position in Northwest Pipe in the 1st quarter valued at $50,000. Metropolitan Life Insurance Co NY purchased a new position in Northwest Pipe in the 3rd quarter valued at $63,000. Finally, Denali Advisors LLC acquired a new stake in shares of Northwest Pipe in the 4th quarter worth $92,000. Institutional investors own 82.91% of the company’s stock.
A number of brokerages have recently commented on NWPX. Zacks Investment Research raised shares of Northwest Pipe from a “sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. StockNews.com upgraded Northwest Pipe from a “sell” rating to a “hold” rating in a research report on Saturday, March 26th. DA Davidson reiterated a “buy” rating on shares of Northwest Pipe in a research report on Thursday, March 17th. Finally, TheStreet upgraded Northwest Pipe from a “c+” rating to a “b” rating in a research report on Tuesday, May 10th.
About Northwest Pipe (Get Rating)
Northwest Pipe Company, together with its subsidiaries, manufactures and supplies 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, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.
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