Northwest Pipe (NASDAQ:NWPX) Upgraded 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 Monday morning.

A number of other equities analysts have also recently issued reports on NWPX. Northland Securities upped their price target on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.50.

Northwest Pipe Stock Down 1.6 %

NWPX stock opened at $46.01 on Monday. The business has a 50 day moving average of $52.13 and a 200 day moving average of $44.61. The firm has a market cap of $456.37 million, a PE ratio of 15.65, a price-to-earnings-growth ratio of 3.19 and a beta of 1.05. Northwest Pipe has a twelve month low of $27.89 and a twelve month high of $57.76. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17.

Insider Activity

In related news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction on 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 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 legal filing with the SEC, which is available at this link. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in shares of Northwest Pipe by 3.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock valued at $819,000 after purchasing an additional 549 shares during the last quarter. Covestor Ltd raised its position in 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 during the period. Ellsworth Advisors LLC boosted its stake in shares of Northwest Pipe by 4.2% during the 3rd quarter. Ellsworth Advisors LLC now owns 16,207 shares of the industrial products company’s stock worth $731,000 after acquiring an additional 647 shares during the last quarter. Stifel Financial Corp grew its position 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 valued at $596,000 after acquiring an additional 766 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Northwest Pipe in the 3rd quarter worth $67,000. Institutional investors own 80.63% of the company’s stock.

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.