Northwest Pipe (NASDAQ:NWPX) Stock Rating Lowered by StockNews.com

Northwest Pipe (NASDAQ:NWPX - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

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

Northwest Pipe Stock Performance

Shares of NASDAQ:NWPX traded down $1.05 during trading on Friday, reaching $48.78. The company had a trading volume of 33,934 shares, compared to its average volume of 43,211. 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 stock's fifty day moving average price is $51.62 and its 200 day moving average price is $43.74. Northwest Pipe has a fifty-two week low of $27.89 and a fifty-two week high of $57.76. The firm has a market capitalization of $483.85 million, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 3.19 and a beta of 1.02.

Insider Buying and Selling at Northwest Pipe

In other news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction that occurred 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 sale, the vice president now directly owns 9,725 shares in the company, valued at approximately $430,039.50. This trade represents a 9.32 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Northwest Pipe

Several hedge funds have recently bought and sold shares of the company. Covestor Ltd raised its position in shares of Northwest Pipe by 1,857.6% during the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company's stock worth $29,000 after purchasing an additional 613 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Northwest Pipe in the third quarter worth $67,000. SG Americas Securities LLC acquired a new position in shares of Northwest Pipe in the third quarter worth $165,000. Semanteon Capital Management LP purchased a new stake in shares of Northwest Pipe in the third quarter valued at $230,000. Finally, Summit Global Investments acquired a new stake in shares of Northwest Pipe during the third quarter valued at $262,000. 80.63% of the stock is owned by hedge funds and other institutional investors.

About Northwest Pipe

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.