Northwest Pipe (NASDAQ:NWPX) Hits New 12-Month High - What's Next?

Shares of Northwest Pipe (NASDAQ:NWPX - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $50.71 and last traded at $50.50, with a volume of 39338 shares changing hands. The stock had previously closed at $47.26.

Analyst Ratings Changes

NWPX has been the topic of several recent research reports. Northland Securities lowered 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 research report on Friday. Northland Capmk lowered shares of Northwest Pipe from a "strong-buy" rating to a "hold" rating in a research report on Friday. Finally, StockNews.com upgraded shares of Northwest Pipe from a "hold" rating to a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $45.00.

Northwest Pipe Stock Up 10.6 %

The firm's 50 day moving average is $43.84 and its two-hundred day moving average is $38.60. The stock has a market cap of $518.72 million, a price-to-earnings ratio of 17.14, a P/E/G ratio of 3.17 and a beta of 0.98. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17.

Insider Activity at Northwest Pipe

In related news, EVP Miles Brittain sold 4,500 shares of the business's stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total value of $188,550.00. Following the completion of the transaction, the executive vice president now owns 25,858 shares of the company's stock, valued at approximately $1,083,450.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other 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 transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Megan A. Kendrick sold 1,000 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total transaction of $44,220.00. Following the transaction, the vice president now directly 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 disclosure for this sale can be found here. In the last quarter, insiders sold 6,500 shares of company stock valued at $275,140. 3.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Ellsworth Advisors LLC acquired a new stake in Northwest Pipe during the 2nd quarter worth approximately $529,000. Silver Lake Advisory LLC acquired a new stake in Northwest Pipe during the 2nd quarter worth approximately $743,000. American Century Companies Inc. increased its position 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 purchasing an additional 26,532 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Northwest Pipe by 7.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company's stock worth $2,396,000 after purchasing an additional 3,718 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in Northwest Pipe by 4.2% during the 1st quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company's stock worth $1,950,000 after purchasing an additional 2,281 shares in the last quarter. Institutional investors and hedge funds 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.

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