2 weeks Ago By Defense World Staff
Northwest Pipe ( NASDAQ:NWPX – Get Free Report ) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday. Separately, Northland Securities upped their target price on Northwest Pipe from $40.
00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. View Our Latest Report on NWPX Northwest Pipe Stock Down 0.
7 % Northwest Pipe ( NASDAQ:NWPX – Get Free Report ) last released its earnings results on Wednesday, July 31st. The industrial products company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.
67 by $0.19. Northwest Pipe had a net margin of 5.
33% and a return on equity of 7.34%. The company had revenue of $129.
51 million for the quarter, compared to the consensus estimate of $119.76 million. Research analysts predict that Northwest Pipe will post 2.
96 EPS for the current year. Insider Activity at Northwest Pipe In other news, EVP Miles Brittain sold 4,500 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $41.
90, for a total value of $188,550.00. Following the sale, the executive vice president now owns 25,858 shares in the company, valued at $1,083,450.
20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . In other news, EVP Miles Brittain sold 4,500 shares of the company’s stock in a transaction dated Wednesday, September 4th.
The stock was sold at an average price of $41.90, for a total value of $188,550.00.
Following the sale, the executive vice president now owns 25,858 shares in the company, valued at $1,083,450.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Also, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $42.
37, for a total value of $42,370.00. Following the sale, the vice president now directly owns 10,725 shares in the company, valued at $454,418.
25. The disclosure for this sale can be found here . 3.
30% of the stock is owned by insiders. Hedge Funds Weigh In On Northwest Pipe Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Northwest Pipe by 0.
7% during the fourth quarter. Dimensional Fund Advisors LP now owns 755,883 shares of the industrial products company’s stock valued at $22,873,000 after buying an additional 5,572 shares during the period. Vanguard Group Inc.
increased its stake in shares of Northwest Pipe by 1.8% in the 1st quarter. Vanguard Group Inc.
now owns 506,110 shares of the industrial products company’s stock valued at $17,552,000 after purchasing an additional 8,924 shares in the last quarter. Foundry Partners LLC raised its holdings in Northwest Pipe by 0.8% in the 2nd quarter.
Foundry Partners LLC now owns 175,945 shares of the industrial products company’s stock worth $5,977,000 after purchasing an additional 1,340 shares during the period. American Century Companies Inc. raised its holdings in Northwest Pipe by 26.
7% in the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock worth $4,274,000 after purchasing an additional 26,532 shares during the period.
Finally, Franklin Resources Inc. boosted its position in Northwest Pipe by 11.0% during the fourth quarter.
Franklin Resources Inc. now owns 72,942 shares of the industrial products company’s stock worth $2,207,000 after purchasing an additional 7,242 shares in the last quarter. 80.
63% of the stock is owned by hedge funds and other institutional investors. About Northwest Pipe ( Get Free Report ) 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. Further Reading Five stocks we like better than Northwest Pipe What Investors Must Know About Over-the-Counter (OTC) Stocks TJX Stock: A Buying Opportunity Before the Holiday Rush Technology Stocks Explained: Here’s What to Know About Tech Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge How Technical Indicators Can Help You Find Oversold Stocks Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth 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 .
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