Northwest Pipe (NASDAQ:NWPX) Price Target Raised to $55.00

Northwest Pipe (NASDAQ:NWPX) had its price target raised by Northland Securities from $50.00 to $55.00 in a research report sent to investors on Friday,Benzinga reports. Northland Securities currently has a market perform rating on the industrial products company’s stock.

Several other equities research analysts have also recently issued reports on the stock. StockNews.com cut shares of Northwest Pipe from a “buy” rating to a “hold” rating in a report on Friday, December 27th. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Northwest Pipe presently has a consensus rating of “Hold” and a consensus price target of $47.50.

Northwest Pipe Trading Down 0.9 %

Shares of NWPX stock opened at $47.05 on Friday. Northwest Pipe has a 12-month low of $27.89 and a 12-month high of $57.76. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $52.00 and its 200 day moving average is $44.40. The stock has a market capitalization of $466.69 million, a P/E ratio of 16.00, a P/E/G ratio of 3.19 and a beta of 1.05.

Insider Transactions at Northwest Pipe

In other news, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 9,725 shares in the company, valued at $430,039.50. This trade represents a 9.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Institutional Trading of Northwest Pipe

Several institutional investors and hedge funds have recently modified their holdings of NWPX. Covestor Ltd raised its position in shares of Northwest Pipe by 1,857.6% during the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 613 shares during the period. Quantbot Technologies LP bought a new stake in shares of Northwest Pipe during the 3rd quarter valued at $67,000. SG Americas Securities LLC bought a new stake in shares of Northwest Pipe during the 3rd quarter valued at $165,000. Semanteon Capital Management LP bought a new stake in shares of Northwest Pipe during the 3rd quarter valued at $230,000. Finally, Summit Global Investments bought a new stake in shares of Northwest Pipe during the 3rd quarter valued at $262,000. 80.63% of the stock is currently owned by institutional investors.

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.