Northwest Pipe (NASDAQ:NWPX) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Northwest Pipe (NASDAQ:NWPX) from a hold rating to a buy rating in a research report report published on Thursday.

Other equities analysts have also issued research reports about the stock. Northland Capmk lowered shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Northland Securities lowered 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. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Northwest Pipe Stock Down 1.6 %

NWPX opened at $49.09 on Thursday. Northwest Pipe has a 12 month low of $27.89 and a 12 month high of $57.76. The stock has a market cap of $486.92 million, a P/E ratio of 16.70, a P/E/G ratio of 3.19 and a beta of 1.02. The stock’s 50 day moving average price is $51.09 and its 200 day moving average price is $43.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27.

Insider Activity at Northwest Pipe

In related news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction on Tuesday, October 15th. The shares were 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 owns 9,725 shares of the company’s stock, valued at approximately $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 accessible through this link. Insiders own 3.30% of the company’s stock.

Institutional Trading of Northwest Pipe

Several large investors have recently modified their holdings of the company. Barclays PLC increased its position in Northwest Pipe by 272.8% in the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock worth $586,000 after buying an additional 9,514 shares during the period. Geode Capital Management LLC increased its position in Northwest Pipe by 1.2% during the third quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company’s stock worth $10,076,000 after acquiring an additional 2,657 shares during the period. Zacks Investment Management acquired a new position in Northwest Pipe during the 3rd quarter valued at $1,607,000. Jane Street Group LLC bought a new stake in Northwest Pipe in the 3rd quarter valued at $944,000. Finally, Stifel Financial Corp increased its holdings in shares of Northwest Pipe by 6.2% during the 3rd quarter. Stifel Financial Corp now owns 13,202 shares of the industrial products company’s stock worth $596,000 after purchasing an additional 766 shares during the period. 80.63% of the stock is owned by institutional investors.

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.