Stifel Financial Corp Has $596,000 Holdings in Northwest Pipe (NASDAQ:NWPX)

Stifel Financial Corp grew its stake in Northwest Pipe (NASDAQ:NWPX) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,202 shares of the industrial products company’s stock after purchasing an additional 766 shares during the period. Stifel Financial Corp owned about 0.13% of Northwest Pipe worth $596,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NWPX. Covestor Ltd lifted its stake in shares of Northwest Pipe by 1,857.6% in the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after buying an additional 613 shares during the period. Quantbot Technologies LP acquired a new position in Northwest Pipe in the 3rd quarter valued at approximately $67,000. SG Americas Securities LLC bought a new stake in shares of Northwest Pipe in the 3rd quarter worth approximately $165,000. Semanteon Capital Management LP acquired a new stake in shares of Northwest Pipe during the 3rd quarter worth approximately $230,000. Finally, Summit Global Investments bought a new stake in shares of Northwest Pipe during the third quarter valued at approximately $262,000. Institutional investors own 80.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NWPX. Northland Securities cut Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 target price for the company. in a research report on Friday, November 1st. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, StockNews.com upgraded shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Northwest Pipe has a consensus rating of “Moderate Buy” and an average price target of $45.00.

Northwest Pipe Price Performance

Northwest Pipe stock opened at $50.16 on Thursday. The business has a 50 day simple moving average of $51.48 and a 200 day simple moving average of $43.59. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. The company has a market capitalization of $497.54 million, a PE ratio of 17.06, a price-to-earnings-growth ratio of 3.19 and a beta of 1.02. Northwest Pipe has a one year low of $27.89 and a one year high of $57.76.

Insiders Place Their Bets

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value of $44,220.00. Following the transaction, the vice president now directly owns 9,725 shares in the company, valued at $430,039.50. The trade was a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.

About Northwest Pipe

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.