Northwest Pipe (NASDAQ:NWPX – Get Rating)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.46 and traded as high as $35.87. Northwest Pipe shares last traded at $35.55, with a volume of 1,614 shares trading hands.
Analyst Ratings Changes
Several equities analysts have commented on the stock. DA Davidson upped their price objective on shares of Northwest Pipe to $42.00 in a report on Tuesday, November 15th. StockNews.com assumed coverage on shares of Northwest Pipe in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.
Northwest Pipe Price Performance
The company has a quick ratio of 2.04, a current ratio of 2.78 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $35.12 and its 200 day moving average is $32.46. The firm has a market capitalization of $352.90 million, a price-to-earnings ratio of 13.94 and a beta of 0.89.
Northwest Pipe (NASDAQ:NWPX – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The industrial products company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.78 by $0.27. Northwest Pipe had a net margin of 5.62% and a return on equity of 10.77%. The business had revenue of $122.98 million for the quarter. On average, equities research analysts anticipate that Northwest Pipe will post 3.03 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, Director Michael C. Franson sold 1,851 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $34.00, for a total transaction of $62,934.00. Following the completion of the sale, the director now owns 17,636 shares of the company’s stock, valued at $599,624. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Northwest Pipe news, Director Richard A. Roman sold 1,133 shares of the stock in a transaction that occurred on Thursday, October 20th. The shares were sold at an average price of $32.04, for a total transaction of $36,301.32. Following the completion of the sale, the director now owns 27,745 shares of the company’s stock, valued at approximately $888,949.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael C. Franson sold 1,851 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $34.00, for a total transaction of $62,934.00. Following the sale, the director now directly owns 17,636 shares of the company’s stock, valued at approximately $599,624. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
Institutional Trading of Northwest Pipe
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank acquired a new stake in shares of Northwest Pipe during the 1st quarter worth approximately $30,000. Quantbot Technologies LP raised its stake in shares of Northwest Pipe by 268.8% during the 2nd quarter. Quantbot Technologies LP now owns 1,099 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 801 shares during the period. Dorsey Wright & Associates bought a new stake in shares of Northwest Pipe during the 2nd quarter worth $36,000. Lazard Asset Management LLC bought a new stake in shares of Northwest Pipe during the 3rd quarter worth $86,000. Finally, Byrne Asset Management LLC raised its stake in shares of Northwest Pipe by 19.5% during the 3rd quarter. Byrne Asset Management LLC now owns 3,601 shares of the industrial products company’s stock worth $101,000 after purchasing an additional 588 shares during the period. Institutional investors and hedge funds own 83.03% of the company’s stock.
Northwest Pipe Company Profile
Northwest Pipe Co operates as a manufacturer of engineered steel pipe water systems in North America. It operates through the following segments: Engineered Steel Pressure Pipe and Precast Infrastructure and Engineered Systems. The Engineered Steel Pressure Pipe segment manufactures large-diameter, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems, hydroelectric power systems, wastewater systems, industrial plant piping systems, certain structural applications and other applications.
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