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Michelle Galanter Applebaum Buys 3,604 Shares of Northwest Pipe (NWPX) Stock

Northwest Pipe (NASDAQ:NWPX) Director Michelle Galanter Applebaum acquired 3,604 shares of Northwest Pipe stock in a transaction that occurred on Thursday, September 6th. The stock was acquired at an average cost of $17.97 per share, for a total transaction of $64,763.88. Following the purchase, the director now owns 20,000 shares of the company’s stock, valued at $359,400. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

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Shares of Northwest Pipe stock opened at $17.96 on Friday. Northwest Pipe has a twelve month low of $16.60 and a twelve month high of $22.00.

Northwest Pipe (NASDAQ:NWPX) last issued its quarterly earnings data on Thursday, August 2nd. The industrial products company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.33). Northwest Pipe had a negative return on equity of 4.67% and a negative net margin of 8.68%. The business had revenue of $28.79 million during the quarter, compared to the consensus estimate of $33.50 million. sell-side analysts expect that Northwest Pipe will post -0.32 EPS for the current year.

Several institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its stake in shares of Northwest Pipe by 161.3% in the second quarter. Advisors Asset Management Inc. now owns 26,776 shares of the industrial products company’s stock worth $519,000 after purchasing an additional 16,529 shares during the last quarter. Quantum Capital Management grew its stake in shares of Northwest Pipe by 5.3% in the second quarter. Quantum Capital Management now owns 102,614 shares of the industrial products company’s stock worth $1,988,000 after purchasing an additional 5,208 shares during the last quarter. BlackRock Inc. grew its stake in shares of Northwest Pipe by 6.1% in the second quarter. BlackRock Inc. now owns 672,717 shares of the industrial products company’s stock worth $13,031,000 after purchasing an additional 38,719 shares during the last quarter. Royce & Associates LP grew its stake in shares of Northwest Pipe by 14.9% in the second quarter. Royce & Associates LP now owns 1,415,455 shares of the industrial products company’s stock worth $27,417,000 after purchasing an additional 183,655 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan grew its stake in shares of Northwest Pipe by 31.6% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 25,000 shares of the industrial products company’s stock worth $484,000 after purchasing an additional 6,000 shares during the last quarter. 89.00% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on the stock. ValuEngine cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research cut shares of Northwest Pipe from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 9th.

Northwest Pipe Company Profile

Northwest Pipe Company manufactures engineered steel pipe water systems in North America. It produces large-diameter, high-pressure, and engineered welded steel pipeline systems for use in drinking water infrastructure; and pipes for piling and hydroelectric projects, wastewater treatment plants, and other applications, as well as for industrial plant piping systems and structural applications.

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