2 weeks Ago By ABMN Staff
StockNews.com downgraded shares of Northwest Pipe ( NASDAQ:NWPX – Free Report ) from a buy rating to a hold rating in a research note issued to investors on Monday. Separately, Northland Securities lifted their price target on shares of Northwest Pipe from $40.
00 to $50.00 and gave the stock an outperform rating in a research note on Friday, August 2nd. Check Out Our Latest Research Report on Northwest Pipe Northwest Pipe Stock Performance Northwest Pipe ( NASDAQ:NWPX – Get Free Report ) last posted its quarterly earnings results on Wednesday, July 31st.
The industrial products company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.
19. Northwest Pipe had a return on equity of 7.34% and a net margin of 5.
33%. The firm had revenue of $129.51 million during the quarter, compared to the consensus estimate of $119.
76 million. On average, analysts anticipate that Northwest Pipe will post 2.96 EPS for the current fiscal year.
Insider Buying and Selling at Northwest Pipe In other news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.
37, for a total transaction of $42,370.00. Following the completion of the transaction, the vice president now directly owns 10,725 shares in the company, valued at $454,418.
25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link . In other news, EVP Miles Brittain sold 4,500 shares of Northwest Pipe stock in a transaction dated Wednesday, September 4th.
The stock was sold at an average price of $41.90, for a total transaction of $188,550.00.
Following the completion of the sale, the executive vice president now directly owns 25,858 shares in the company, valued at approximately $1,083,450.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link .
Also, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $42.
37, for a total transaction of $42,370.00. Following the transaction, the vice president now owns 10,725 shares in the company, valued at approximately $454,418.
25. The disclosure for this sale can be found here . 3.
30% of the stock is currently owned by company insiders. Institutional Inflows and Outflows Institutional investors have recently made changes to their positions in the stock. Ellsworth Advisors LLC bought a new position in Northwest Pipe in the 2nd quarter worth approximately $529,000.
Silver Lake Advisory LLC acquired a new position in shares of Northwest Pipe in the 2nd quarter valued at $743,000. American Century Companies Inc. lifted its holdings in shares of Northwest Pipe by 26.
7% during the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock worth $4,274,000 after acquiring an additional 26,532 shares during the period.
Russell Investments Group Ltd. boosted its position in shares of Northwest Pipe by 4.2% during the 1st quarter.
Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock valued at $1,950,000 after acquiring an additional 2,281 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Northwest Pipe by 4.
8% in the 2nd quarter. Bank of New York Mellon Corp now owns 53,509 shares of the industrial products company’s stock valued at $1,818,000 after buying an additional 2,428 shares in the last quarter. 80.
63% of the stock is owned by institutional investors. Northwest Pipe Company Profile ( 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 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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