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Aaron Wilkins, the Chief Financial Officer of Northwest Pipe Co . (NASDAQ:NWPX), recently sold 1,000 shares of the company’s common stock. The transaction, which took place on March 24, 2025, was executed at a price of $44 per share, resulting in a total sale value of $44,000. The sale occurred as the company, currently valued at $431 million, trades near its InvestingPro Fair Value with a P/E ratio of 12.6. Following this sale, Wilkins retains ownership of 23,467 shares of Northwest Pipe’s common stock.
In addition to the sale, Wilkins holds 2,993 restricted stock units and 17,598 performance shares. The restricted stock units are set to vest in installments in January 2026 and 2027, while the performance shares will vest in March of 2025, 2026, and 2027, contingent upon the company’s total EBITDA margin over the measurement period.
In other recent news, Northwest Pipe Company reported its Q4 2024 earnings, surpassing expectations for earnings per share (EPS) but slightly missing revenue forecasts. The company achieved an EPS of $1.00, exceeding the anticipated $0.91, while revenue was reported at $119.6 million, just below the expected $120.43 million. Despite the earnings beat, Northwest Pipe’s stock experienced a decline following the announcement. Additionally, DA Davidson maintained a Buy rating on Northwest Pipe, with a target price of $57, noting a strong financial position and the potential for both organic and inorganic growth. The company’s financial health is supported by low net leverage and positive cash generation prospects. Analyst Brent E. Thielman from DA Davidson highlighted recent order activity in the Precast segment, which is expected to bolster demand in the Steel Pressure Pipe business. The company’s strategic focus includes exploring mergers and acquisitions, particularly in the Precast sector, to enhance growth opportunities. These developments indicate a continued positive outlook for Northwest Pipe Company in the near term.
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