Northwest Pipe (NASDAQ:NWPX) Rating Increased to Hold at Sidoti

Northwest Pipe (NASDAQ:NWPX - Get Free Report) was upgraded by equities research analysts at Sidoti to a "hold" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other brokerages have also recently commented on NWPX. Northland Capmk cut Northwest Pipe from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 1st. Northland Securities increased their price objective on Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a report on Friday, January 3rd. Finally, StockNews.com downgraded Northwest Pipe from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Northwest Pipe currently has a consensus rating of "Hold" and a consensus target price of $47.50.

Northwest Pipe Price Performance

Shares of NWPX traded up $1.19 during trading hours on Tuesday, reaching $44.07. The stock had a trading volume of 103,465 shares, compared to its average volume of 81,173. Northwest Pipe has a 12 month low of $28.75 and a 12 month high of $57.76. The stock has a market capitalization of $437.13 million, a PE ratio of 14.99, a PEG ratio of 2.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The company's 50-day moving average is $48.96 and its two-hundred day moving average is $48.03.

Hedge Funds Weigh In On Northwest Pipe

Several large investors have recently added to or reduced their stakes in NWPX. Hillsdale Investment Management Inc. lifted its position in shares of Northwest Pipe by 0.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 44,855 shares of the industrial products company's stock worth $2,165,000 after buying an additional 200 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Northwest Pipe by 33.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company's stock valued at $62,000 after buying an additional 319 shares in the last quarter. Ellsworth Advisors LLC grew its stake in Northwest Pipe by 3.4% in the 4th quarter. Ellsworth Advisors LLC now owns 16,755 shares of the industrial products company's stock valued at $809,000 after buying an additional 548 shares in the last quarter. Janney Montgomery Scott LLC grew 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 in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of Northwest Pipe by 40.3% during the 4th quarter. Quantbot Technologies LP now owns 2,093 shares of the industrial products company's stock valued at $101,000 after purchasing an additional 601 shares in the last quarter. 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.