Northwest Pipe (NASDAQ:NWPX) Lowered to "Hold" Rating by StockNews.com

Northwest Pipe (NASDAQ:NWPX - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Saturday.

A number of other brokerages have also commented on NWPX. 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 downgraded shares of Northwest Pipe from an "outperform" rating to a "market perform" rating and set a $50.00 price objective on the stock. in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, Northwest Pipe presently has an average rating of "Hold" and an average price target of $45.00.

Northwest Pipe Trading Up 0.7 %

NASDAQ NWPX traded up $0.39 during trading on Friday, reaching $52.73. 56,010 shares of the stock traded hands, compared to its average volume of 41,361. The firm has a market cap of $523.08 million, a price-to-earnings ratio of 17.94, a price-to-earnings-growth ratio of 3.23 and a beta of 0.98. The stock's 50-day moving average price is $44.51 and its 200 day moving average price is $39.13. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. Northwest Pipe has a fifty-two week low of $25.70 and a fifty-two week high of $55.22.

Insider Buying and Selling

In related news, EVP Miles Brittain sold 4,500 shares of the company's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total transaction of $188,550.00. Following the completion of the sale, the executive vice president now owns 25,858 shares of the company's stock, valued at $1,083,450.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 9,725 shares of the company's stock, valued at approximately $430,039.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Miles Brittain sold 4,500 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total transaction of $188,550.00. Following the sale, the executive vice president now directly owns 25,858 shares of the company's stock, valued at $1,083,450.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,500 shares of company stock valued at $275,140 over the last quarter. 3.30% of the stock is owned by company insiders.

Institutional Trading of Northwest Pipe

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NWPX. Covestor Ltd grew 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 worth $29,000 after buying an additional 613 shares during the period. Lazard Asset Management LLC bought a new stake in shares of Northwest Pipe during the 1st quarter worth $95,000. EntryPoint Capital LLC raised its stake in shares of Northwest Pipe by 120.2% during the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company's stock worth $120,000 after purchasing an additional 1,890 shares during the period. SG Americas Securities LLC bought a new stake in shares of Northwest Pipe during the 3rd quarter worth $165,000. Finally, Semanteon Capital Management LP bought a new stake in shares of Northwest Pipe during the 3rd quarter worth $230,000. Institutional investors and hedge funds own 80.63% of the company's stock.

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.