Northwest Pipe (NASDAQ:NWPX) Rating Lowered to “Hold” at StockNews.com

Northwest Pipe (NASDAQ:NWPX) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

NWPX has been the subject of a number of other reports. Northland Securities lowered shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a research report on Friday, November 1st. Northland Capmk lowered shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.00.

Northwest Pipe Trading Down 0.4 %

NASDAQ NWPX opened at $53.60 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The company has a market capitalization of $531.66 million, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 3.36 and a beta of 1.02. The company’s 50-day simple moving average is $50.31 and its two-hundred day simple moving average is $42.54. Northwest Pipe has a one year low of $27.30 and a one year high of $57.76.

Insider Activity

In other news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total transaction of $44,220.00. Following the completion of the transaction, the vice president now directly owns 9,725 shares of the company’s stock, valued at $430,039.50. The trade was a 9.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 2,300 shares of company stock valued at $102,520 in the last three months. 3.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Northwest Pipe

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its holdings in Northwest Pipe by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock worth $819,000 after acquiring an additional 549 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Northwest Pipe by 4.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,309 shares of the industrial products company’s stock worth $462,000 after acquiring an additional 598 shares in the last quarter. Covestor Ltd increased its holdings in Northwest Pipe by 1,857.6% in the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 613 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in Northwest Pipe by 4.2% in the 3rd quarter. Ellsworth Advisors LLC now owns 16,207 shares of the industrial products company’s stock worth $731,000 after acquiring an additional 647 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in Northwest Pipe by 6.2% in the 3rd quarter. Stifel Financial Corp now owns 13,202 shares of the industrial products company’s stock worth $596,000 after acquiring an additional 766 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Northwest Pipe Company Profile

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.