Northwest Pipe (NASDAQ:NWPX) Position Increased by Barclays PLC

Barclays PLC lifted its holdings in Northwest Pipe (NASDAQ:NWPX) by 272.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,001 shares of the industrial products company’s stock after buying an additional 9,514 shares during the quarter. Barclays PLC’s holdings in Northwest Pipe were worth $586,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Northwest Pipe by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 53,509 shares of the industrial products company’s stock worth $1,818,000 after acquiring an additional 2,428 shares during the period. Foundry Partners LLC raised its position in shares of Northwest Pipe by 0.8% during the 2nd quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company’s stock worth $5,977,000 after purchasing an additional 1,340 shares during the period. American Century Companies Inc. lifted its holdings in shares of 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 worth $4,274,000 after purchasing an additional 26,532 shares during the last quarter. Silver Lake Advisory LLC acquired a new position in Northwest Pipe during the 2nd quarter valued at approximately $743,000. Finally, SG Americas Securities LLC bought a new position in Northwest Pipe during the 3rd quarter worth $165,000. 80.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NWPX. StockNews.com cut Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Friday, December 27th. Northland Securities downgraded shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price objective on the stock. in a research report on Friday, November 1st. Finally, 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 company. According to data from MarketBeat.com, Northwest Pipe presently has an average rating of “Hold” and a consensus target price of $45.00.

Northwest Pipe Trading Down 0.7 %

NASDAQ:NWPX opened at $48.26 on Thursday. The business has a fifty day moving average of $51.85 and a 200-day moving average of $44.13. The stock has a market cap of $478.69 million, a price-to-earnings ratio of 16.41, a PEG ratio of 3.19 and a beta of 1.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. Northwest Pipe has a 1 year low of $27.89 and a 1 year high of $57.76.

Insider Buying and Selling at Northwest Pipe

In related news, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was 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 owns 9,725 shares of the company’s stock, valued at $430,039.50. This trade represents a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.30% of the stock is owned by corporate insiders.

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.