Northwest Pipe (NASDAQ:NWPX) Stock Crosses Above 200-Day Moving Average of $29.61

Northwest Pipe (NASDAQ:NWPXGet Rating)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.61 and traded as high as $31.47. Northwest Pipe shares last traded at $31.28, with a volume of 23,484 shares.

Wall Street Analysts Forecast Growth

Separately, TheStreet upgraded Northwest Pipe from a “c+” rating to a “b” rating in a research note on Tuesday, May 10th.

Northwest Pipe Trading Up 1.6 %

The business has a 50 day moving average of $30.77 and a two-hundred day moving average of $29.61. The company has a current ratio of 2.94, a quick ratio of 2.13 and a debt-to-equity ratio of 0.29. The firm has a market cap of $310.17 million, a P/E ratio of 15.18 and a beta of 0.76.

Insider Activity at Northwest Pipe

In related news, CEO Scott J. Montross sold 1,552 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $34.12, for a total value of $52,954.24. Following the sale, the chief executive officer now owns 88,739 shares in the company, valued at approximately $3,027,774.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Richard A. Roman sold 2,500 shares of the stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $32.09, for a total transaction of $80,225.00. Following the sale, the director now directly owns 29,058 shares of the company’s stock, valued at approximately $932,471.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Scott J. Montross sold 1,552 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $34.12, for a total value of $52,954.24. Following the sale, the chief executive officer now directly owns 88,739 shares in the company, valued at $3,027,774.68. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Institutional Trading of Northwest Pipe

Several large investors have recently modified their holdings of NWPX. Mirae Asset Global Investments Co. Ltd. boosted its stake in Northwest Pipe by 28.3% in the first 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. Boston Partners raised its position in Northwest Pipe by 14.2% in the first quarter. Boston Partners now owns 24,120 shares of the industrial products company’s stock valued at $614,000 after purchasing an additional 3,008 shares during the last quarter. DDD Partners LLC raised its position in Northwest Pipe by 5.8% in the first quarter. DDD Partners LLC now owns 465,465 shares of the industrial products company’s stock valued at $11,846,000 after purchasing an additional 25,520 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in Northwest Pipe in the first quarter valued at about $998,000. Finally, Kennedy Capital Management Inc. raised its position in Northwest Pipe by 3.5% in the fourth quarter. Kennedy Capital Management Inc. now owns 190,835 shares of the industrial products company’s stock valued at $6,069,000 after purchasing an additional 6,506 shares during the last quarter. 84.76% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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