Barclays PLC Raises Stock Position in Northwest Pipe (NASDAQ:NWPX)

Barclays PLC grew its position in shares of Northwest Pipe (NASDAQ:NWPX - Free Report) by 272.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,001 shares of the industrial products company's stock after purchasing an additional 9,514 shares during the period. Barclays PLC owned approximately 0.13% of Northwest Pipe worth $586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its stake in Northwest Pipe by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company's stock worth $4,274,000 after acquiring an additional 26,532 shares in the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of Northwest Pipe during the second quarter worth about $743,000. SG Americas Securities LLC purchased a new position in shares of Northwest Pipe in the third quarter valued at approximately $165,000. Inspire Investing LLC acquired a new position in shares of Northwest Pipe in the third quarter valued at approximately $417,000. Finally, Ellsworth Advisors LLC increased its stake in 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 buying an additional 647 shares during the period. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on NWPX. Northland Securities boosted 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. StockNews.com cut Northwest Pipe from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Northland Capmk cut Northwest Pipe from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 1st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Northwest Pipe currently has an average rating of "Hold" and a consensus price target of $47.50.

Northwest Pipe Stock Up 1.2 %

Shares of Northwest Pipe stock traded up $0.57 during trading on Friday, hitting $49.78. 50,061 shares of the stock were exchanged, compared to its average volume of 78,015. The stock has a market cap of $493.82 million, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 2.59 and a beta of 1.05. The firm's 50-day moving average price is $51.76 and its 200 day moving average price is $45.22. 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 has a 12-month low of $27.89 and a 12-month high of $57.76.

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.