StockNews.com Downgrades Northwest Pipe (NASDAQ:NWPX) to Hold

Northwest Pipe (NASDAQ:NWPX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Several other equities analysts also recently weighed in on the company. Northland Securities downgraded 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. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $45.00.

Northwest Pipe Trading Up 0.1 %

NWPX opened at $55.95 on Monday. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. The firm has a market cap of $554.97 million, a P/E ratio of 19.07, a P/E/G ratio of 3.40 and a beta of 0.98. Northwest Pipe has a 52 week low of $25.81 and a 52 week high of $57.08. The business has a fifty day simple moving average of $47.27 and a 200-day simple moving average of $40.81.

Insider Buying and Selling

In other news, VP Megan A. Kendrick sold 1,000 shares of Northwest Pipe stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total value of $44,220.00. Following the completion of the transaction, the vice president now owns 9,725 shares in the company, valued at approximately $430,039.50. This trade represents a 9.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Miles Brittain sold 4,500 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total value of $188,550.00. Following the transaction, the executive vice president now directly owns 25,858 shares of the company’s stock, valued at approximately $1,083,450.20. This represents a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,800 shares of company stock valued at $291,070 in the last three months. 3.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Northwest Pipe

Large investors have recently modified their holdings of the company. Covestor Ltd grew its stake in shares of Northwest Pipe by 1,857.6% during the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 613 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Northwest Pipe during the 3rd quarter worth about $67,000. Lazard Asset Management LLC acquired a new position in shares of Northwest Pipe during the 1st quarter worth about $95,000. SG Americas Securities LLC purchased a new position in shares of Northwest Pipe in the 3rd quarter valued at about $165,000. Finally, Semanteon Capital Management LP acquired a new stake in shares of Northwest Pipe during the 3rd quarter worth about $230,000. 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.