35,605 Shares in Northwest Pipe (NASDAQ:NWPX) Acquired by Zacks Investment Management

Zacks Investment Management purchased a new position in Northwest Pipe (NASDAQ:NWPX - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,605 shares of the industrial products company's stock, valued at approximately $1,607,000. Zacks Investment Management owned about 0.36% of Northwest Pipe as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd boosted its holdings in shares of Northwest Pipe by 1,857.6% in 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 period. Quantbot Technologies LP bought a new stake in Northwest Pipe in the third quarter worth $67,000. SG Americas Securities LLC purchased a new position in Northwest Pipe during the third quarter worth $165,000. Semanteon Capital Management LP bought a new position in Northwest Pipe during the third quarter valued at $230,000. Finally, Summit Global Investments bought a new position in Northwest Pipe during the third quarter valued at $262,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

Insider Buying and Selling at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $42.37, for a total transaction of $42,370.00. Following the transaction, the vice president now owns 10,725 shares of the company's stock, valued at approximately $454,418.25. This trade represents a 8.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold a total of 2,300 shares of company stock valued at $102,520 in the last ninety days. Corporate insiders own 3.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NWPX shares. 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 research note on Friday, November 1st. StockNews.com upgraded Northwest Pipe from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. Finally, Northland Capmk downgraded Northwest Pipe from a "strong-buy" rating to a "hold" rating in a 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. According to MarketBeat.com, Northwest Pipe currently has a consensus rating of "Moderate Buy" and an average target price of $45.00.

Northwest Pipe Trading Down 1.1 %

Shares of Northwest Pipe stock traded down $0.59 on Tuesday, hitting $53.94. 77,153 shares of the company traded hands, compared to its average volume of 42,516. Northwest Pipe has a 52 week low of $27.20 and a 52 week high of $57.76. The company has a market cap of $535.08 million, a PE ratio of 18.40, a PEG ratio of 3.36 and a beta of 1.02. The stock's 50 day moving average price is $49.72 and its 200-day moving average price is $42.24. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17.

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.