Barclays PLC Raises Holdings in Northwest Pipe (NASDAQ:NWPX)

Barclays PLC grew its stake in Northwest Pipe (NASDAQ:NWPX) by 272.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 13,001 shares of the industrial products company’s stock after buying 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.

A number of other institutional investors and hedge funds have also made changes to their positions in NWPX. Zacks Investment Management purchased a new position in Northwest Pipe in the third quarter worth approximately $1,607,000. American Century Companies Inc. raised its holdings in shares of Northwest Pipe by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock valued at $4,274,000 after purchasing an additional 26,532 shares in the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of Northwest Pipe during the 2nd quarter worth $743,000. Jane Street Group LLC acquired a new position in shares of Northwest Pipe during the third quarter worth $944,000. Finally, Inspire Investing LLC acquired a new position in shares of Northwest Pipe during the third quarter worth $417,000. 80.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NWPX has been the topic of a number of analyst reports. Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Northland Securities boosted their target price on Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $47.50.

Northwest Pipe Stock Performance

NASDAQ NWPX opened at $49.21 on Friday. The company has a fifty day moving average of $51.89 and a two-hundred day moving average of $45.08. The company has a market capitalization of $488.16 million, a PE ratio of 16.74, a P/E/G ratio of 2.59 and a beta of 1.05. Northwest Pipe has a 1 year low of $27.89 and a 1 year high of $57.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27.

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.