Posted by admin on Jun 17th, 2022
Northwest Pipe (NASDAQ:NWPX – Get Rating) Director Richard A. Roman sold 2,500 shares of the company’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $32.09, for a total value of $80,225.00. Following the transaction, the director now directly owns 29,058 shares in the company, valued at approximately $932,471.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of NWPX traded down $0.51 during trading hours on Friday, reaching $30.24. The stock had a trading volume of 135,096 shares, compared to its average volume of 53,072. The company has a quick ratio of 2.56, a current ratio of 3.46 and a debt-to-equity ratio of 0.31. Northwest Pipe has a 52 week low of $23.11 and a 52 week high of $34.94. The firm has a 50-day moving average of $29.88 and a 200 day moving average of $29.24. The company has a market cap of $299.86 million, a P/E ratio of 23.65 and a beta of 0.73.
Northwest Pipe (NASDAQ:NWPX – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The industrial products company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.10. Northwest Pipe had a net margin of 3.49% and a return on equity of 6.53%. The business had revenue of $109.33 million during the quarter, compared to analysts’ expectations of $100.00 million. As a group, equities analysts expect that Northwest Pipe will post 2.77 earnings per share for the current year.
A number of research analysts have recently weighed in on the company. StockNews.com raised Northwest Pipe from a “sell” rating to a “hold” rating in a research note on Saturday, March 26th. TheStreet raised Northwest Pipe from a “c+” rating to a “b” rating in a research note on Tuesday, May 10th. Finally, DA Davidson reissued a “buy” rating on shares of Northwest Pipe in a research note on Thursday, March 17th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its position in shares of Northwest Pipe by 10.7% in the 4th quarter. Royce & Associates LP now owns 1,156,426 shares of the industrial products company’s stock valued at $36,774,000 after buying an additional 112,055 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Northwest Pipe by 28.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 520,543 shares of the industrial products company’s stock valued at $13,248,000 after buying an additional 114,726 shares in the last quarter. Heartland Advisors Inc. increased its holdings in Northwest Pipe by 4.8% during the 4th quarter. Heartland Advisors Inc. now owns 482,150 shares of the industrial products company’s stock worth $15,332,000 after purchasing an additional 22,125 shares in the last quarter. DDD Partners LLC increased its holdings in Northwest Pipe by 5.8% during the 1st quarter. DDD Partners LLC now owns 465,465 shares of the industrial products company’s stock worth $11,846,000 after purchasing an additional 25,520 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Northwest Pipe by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 436,758 shares of the industrial products company’s stock worth $11,116,000 after purchasing an additional 10,117 shares in the last quarter. Institutional investors and hedge funds own 82.91% of the company’s stock.
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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