Northwest Pipe (NASDAQ:NWPX) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Northwest Pipe (NASDAQ:NWPX - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.96 and traded as high as $46.71. Northwest Pipe shares last traded at $46.64, with a volume of 77,124 shares trading hands.

Wall Street Analyst Weigh In

NWPX has been the topic of a number of analyst reports. StockNews.com cut shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research report on Tuesday. Northland Securities boosted their price objective on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, January 3rd. 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $47.50.

Northwest Pipe Stock Up 0.7 %

The company has a market cap of $465.70 million, a P/E ratio of 15.97, a P/E/G ratio of 3.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. The company's 50-day moving average is $52.08 and its two-hundred day moving average is $44.96.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in Northwest Pipe in the 3rd quarter worth $944,000. Assenagon Asset Management S.A. increased its position in Northwest Pipe by 7.5% in the third quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company's stock worth $2,396,000 after buying an additional 3,718 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Northwest Pipe by 26.7% in the second 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. Silver Lake Advisory LLC purchased a new position in shares of Northwest Pipe during the 2nd quarter valued at about $743,000. Finally, Barclays PLC grew its stake in shares of Northwest Pipe by 272.8% during the 3rd quarter. Barclays PLC now owns 13,001 shares of the industrial products company's stock valued at $586,000 after acquiring an additional 9,514 shares during the period. 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.