Northwest Pipe (NASDAQ:NWPX) Short Interest Update

Northwest Pipe (NASDAQ:NWPX - Get Free Report) saw a significant drop in short interest in November. As of November 30th, there was short interest totalling 68,200 shares, a drop of 29.1% from the November 15th total of 96,200 shares. Based on an average trading volume of 43,500 shares, the short-interest ratio is currently 1.6 days. Approximately 0.7% of the company's shares are short sold.

Northwest Pipe Trading Down 1.4 %

Northwest Pipe stock traded down $0.76 during trading hours on Friday, hitting $52.84. The company had a trading volume of 32,832 shares, compared to its average volume of 42,569. 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 firm has a market cap of $524.17 million, a P/E ratio of 17.97, a P/E/G ratio of 3.25 and a beta of 1.02. The company has a 50-day moving average price of $50.48 and a two-hundred day moving average price of $42.66. Northwest Pipe has a 1 year low of $27.89 and a 1 year high of $57.76.

Insider Buying and Selling

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction 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 transaction, the vice president now directly owns 9,725 shares of the company's stock, valued at $430,039.50. The trade was a 9.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 2,300 shares of company stock worth $102,520. Corporate insiders own 3.30% of the company's stock.

Institutional Trading of Northwest Pipe

A number of large investors have recently modified their holdings of NWPX. Zacks Investment Management bought a new position in Northwest Pipe during the 3rd quarter worth about $1,607,000. American Century Companies Inc. boosted its stake in shares of Northwest Pipe by 26.7% during the second quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company's stock valued at $4,274,000 after purchasing an additional 26,532 shares in the last quarter. Silver Lake Advisory LLC purchased a new position in Northwest Pipe during the second quarter valued at approximately $743,000. Jane Street Group LLC purchased a new position in Northwest Pipe during the third quarter valued at approximately $944,000. Finally, Ellsworth Advisors LLC bought a new position in Northwest Pipe in the second quarter worth approximately $529,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com cut shares of Northwest Pipe from a "buy" rating to a "hold" rating in a research note on Wednesday. Northland Securities lowered Northwest Pipe from an "outperform" rating to a "market perform" rating and set a $50.00 target price for the company. in a research report on Friday, November 1st. Finally, Northland Capmk cut Northwest Pipe from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Northwest Pipe presently has an average rating of "Hold" and a consensus price target of $45.00.

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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