Aaron Wilkins Sells 1,000 Shares of Northwest Pipe (NASDAQ:NWPX) Stock

Northwest Pipe (NASDAQ:NWPX - Get Free Report) CFO Aaron Wilkins sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $44.00, for a total value of $44,000.00. Following the completion of the transaction, the chief financial officer now owns 23,467 shares in the company, valued at $1,032,548. The trade was a 4.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Northwest Pipe Stock Performance

Shares of NWPX stock traded down $0.86 during trading hours on Friday, hitting $41.55. 67,706 shares of the company were exchanged, compared to its average volume of 52,107. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $412.80 million, a price-to-earnings ratio of 14.13, a P/E/G ratio of 2.85 and a beta of 1.09. The firm has a fifty day simple moving average of $46.51 and a 200 day simple moving average of $47.88. Northwest Pipe has a 52-week low of $31.16 and a 52-week high of $57.76.

Hedge Funds Weigh In On Northwest Pipe

Institutional investors and hedge funds have recently bought and sold shares of the company. Aquatic Capital Management LLC purchased a new position in shares of Northwest Pipe during the 4th quarter valued at $30,000. AlphaQuest LLC bought a new stake in Northwest Pipe in the 4th quarter valued at about $31,000. Point72 Asset Management L.P. purchased a new stake in Northwest Pipe during the fourth quarter valued at about $53,000. Tower Research Capital LLC TRC increased its stake in shares of Northwest Pipe by 33.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock worth $62,000 after purchasing an additional 319 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Northwest Pipe in the third quarter worth about $67,000. 80.63% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on NWPX shares. StockNews.com cut Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Sidoti upgraded Northwest Pipe to a "hold" rating in a research note on Tuesday, February 25th. Finally, Northland Securities boosted their price target on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd.

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.