Northwest Pipe (NASDAQ:NWPX) Rating Lowered to "Hold" at StockNews.com

StockNews.com cut shares of Northwest Pipe (NASDAQ:NWPX - Free Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday.

NWPX has been the topic of a number of other research reports. Northland Securities raised their price objective on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, January 3rd. Northland Capmk cut shares of Northwest Pipe from a "strong-buy" rating to a "hold" rating in a research report 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 stock. Based on data from MarketBeat, Northwest Pipe presently has a consensus rating of "Hold" and a consensus price target of $47.50.

Northwest Pipe Trading Up 1.4 %

Shares of NASDAQ NWPX traded up $0.65 during trading on Tuesday, reaching $47.29. The stock had a trading volume of 21,009 shares, compared to its average volume of 84,757. 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 has a market cap of $469.07 million, a P/E ratio of 16.09, a PEG ratio of 3.19 and a beta of 1.05. Northwest Pipe has a fifty-two week low of $27.89 and a fifty-two week high of $57.76. The business's 50-day moving average price is $52.08 and its 200-day moving average price is $44.96.

Institutional Trading of Northwest Pipe

Institutional investors and hedge funds have recently bought and sold shares of the business. Zacks Investment Management purchased a new position in Northwest Pipe during the 3rd quarter worth $1,607,000. American Century Companies Inc. increased its position in Northwest Pipe by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company's stock valued at $4,274,000 after acquiring an additional 26,532 shares during the period. Silver Lake Advisory LLC purchased a new stake in Northwest Pipe during the 2nd quarter valued at approximately $743,000. Jane Street Group LLC acquired a new stake in Northwest Pipe during the 3rd quarter worth approximately $944,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Northwest Pipe by 34.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company's stock valued at $2,544,000 after purchasing an additional 14,374 shares during the last quarter. Hedge funds and other institutional investors own 80.63% of the company's stock.

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.