Northwest Pipe (NASDAQ:NWPX) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in shares of Northwest Pipe (NASDAQ:NWPX) by 272.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,001 shares of the industrial products company’s stock after purchasing an additional 9,514 shares during the quarter. Barclays PLC owned 0.13% of Northwest Pipe worth $586,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Covestor Ltd increased its position 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 worth $29,000 after acquiring an additional 613 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Northwest Pipe in the 3rd quarter valued at $67,000. SG Americas Securities LLC purchased a new position in Northwest Pipe in the third quarter valued at about $165,000. Semanteon Capital Management LP acquired a new position in shares of Northwest Pipe during the third quarter worth about $230,000. Finally, Summit Global Investments purchased a new stake in shares of Northwest Pipe in the third quarter worth about $262,000. Hedge funds and other institutional investors own 80.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on NWPX shares. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Friday, December 27th. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Northland Securities downgraded shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price target on the stock. in a research note on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Northwest Pipe presently has a consensus rating of “Hold” and a consensus target price of $45.00.

Northwest Pipe Stock Performance

Shares of NWPX opened at $48.26 on Thursday. The firm has a market cap of $478.69 million, a price-to-earnings ratio of 16.41, a PEG ratio of 3.19 and a beta of 1.02. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $51.85 and its two-hundred day moving average is $44.13. Northwest Pipe has a 52-week low of $27.89 and a 52-week high of $57.76.

Insider Activity at Northwest Pipe

In related news, VP Megan A. Kendrick sold 1,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is currently owned by corporate insiders.

Northwest Pipe 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.