CFO Lewicki Sells Shares of Perma-Pipe International Holdings
Matthew Lewicki, CFO of Perma-Pipe, sold 1,070 shares at $27.3 each.
Key Points
- Matthew Lewicki, CFO of Perma-Pipe International Holdings, sold 1,070 shares on June 25, 2026, at an average price of $27.3 each.
- Shares of Perma-Pipe traded near $27.5 on Monday, with a 52-week range of $20.92 to $36.72 and a market cap of about $224.8 million.
- Institutional investors like Vanguard Capital Management and Renaissance Technologies adjusted their positions in Perma-Pipe recently.
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On June 25, 2026, Matthew Lewicki, the Chief Financial Officer of Perma-Pipe International Holdings, Inc. (NasdaqGM:PPIH), sold 1,070 shares of the company's stock. The shares were sold at an average price of $27.3, making the total transaction value around $29,211. This transaction did not fall under a pre-planned trading program.
Insider Buying and Selling at Perma-Pipe International Holdings, Inc.
In addition to Lewicki's sale, several other insider transactions occurred at Perma-Pipe. On June 24, 2026, Richard Sherrill, along with Nancy Zakhour and Jon Biro, each purchased 2,648 shares. Lewicki himself bought 6,716 shares on the same day, and President & CEO Saleh Nehad Saleh Sagr acquired 21,509 shares.
Other Institutional Activity in Perma-Pipe International Holdings
Several institutional investors have recently adjusted their stakes in Perma-Pipe. Vanguard Capital Management LLC opened a new position with 323,690 shares valued at about $9.65 million. Renaissance Technologies LLC increased its holdings by 58,800 shares, resulting in a total of 209,093 shares worth approximately $6.23 million, marking a 39.1% increase. On the other hand, Raymond James Financial Inc. reduced its stake by 46,454 shares, ending with 508,494 shares valued at $15.16 million, representing an 8.4% decrease. Dimensional Fund Advisors LP also cut its holdings by 35,248 shares to 388,193 shares, valued at approximately $11.57 million, an 8.3% decrease.
Perma-Pipe International Holdings, Inc. Stock Up 3.2%
Shares of Perma-Pipe International Holdings traded near $27.5 on Monday. The company has a market cap of about $224.8 million and a P/E ratio of 16.28. The stock's 52-week range is between $20.92 and $36.72. Its 50-day moving average is $30.70, and the 200-day moving average is $29.35. Perma-Pipe has a beta of 0.545, indicating lower volatility compared to the market. The company's current ratio stands at 2.31, and its quick ratio is 1.816, with a debt-to-equity ratio of 51.298.
$PPIH stock price
Daily closing prices, year to date. Not investment advice.
About Perma-Pipe International Holdings
Perma-Pipe International Holdings, Inc. designs and manufactures specialty piping and leak detection systems. Headquartered in The Woodlands, Texas, the company serves markets in the United States, Canada, the UAE, Saudi Arabia, and beyond. It focuses on insulated piping systems for energy distribution and containment systems for chemicals and petroleum products. Under the leadership of CEO Saleh Sagr, Perma-Pipe employs around 909 people, offering services including technical support and logistics.
Bottom Line
Matthew Lewicki's recent sale of Perma-Pipe shares is part of ongoing insider activities within the company. Institutional investors have also been active, with significant position changes by firms like Vanguard and Renaissance Technologies. As always, remember that insider and institutional trades can provide insights into company sentiment but are not definitive indicators of future stock performance.
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