Northwest Pipe (NASDAQ:NWPX) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Northwest Pipe (NASDAQ:NWPX - Free Report) from a hold rating to a buy rating in a report released on Sunday.

Other analysts have also issued research reports about the company. Northland Capmk lowered Northwest Pipe from a "strong-buy" rating to a "hold" rating in a report on Friday, November 1st. Northland Securities lowered shares of Northwest Pipe from an "outperform" rating to a "market perform" rating and set a $50.00 target price on the stock. in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $45.00.

Northwest Pipe Stock Performance

NASDAQ:NWPX opened at $53.25 on Friday. The firm has a market capitalization of $528.24 million, a PE ratio of 18.11, a PEG ratio of 3.21 and a beta of 0.98. Northwest Pipe has a 1 year low of $25.81 and a 1 year high of $55.22. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The firm's fifty day simple moving average is $45.66 and its 200 day simple moving average is $39.89.

Insider Transactions at Northwest Pipe

In other news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the completion of the sale, the vice president now owns 10,725 shares in the company, valued at $454,418.25. The trade was a 8.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Miles Brittain sold 4,500 shares of Northwest Pipe stock in a transaction on Wednesday, September 4th. The stock was 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 14.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,500 shares of company stock worth $275,140. Insiders own 3.30% of the company's stock.

Institutional Trading of Northwest Pipe

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Northwest Pipe by 1.8% in the first quarter. Vanguard Group Inc. now owns 506,110 shares of the industrial products company's stock valued at $17,552,000 after purchasing an additional 8,924 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Northwest Pipe by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company's stock valued at $10,076,000 after buying an additional 2,657 shares during the period. Foundry Partners LLC increased its position in shares of Northwest Pipe by 0.8% in the 2nd quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company's stock valued at $5,977,000 after buying an additional 1,340 shares in the last quarter. American Century Companies Inc. raised 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 buying an additional 26,532 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Northwest Pipe by 4.2% during the first quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company's stock worth $1,950,000 after acquiring an additional 2,281 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.