Northwest Pipe (NASDAQ:NWPX) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Northwest Pipe (NASDAQ:NWPX) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other brokerages also recently issued reports on NWPX. 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 note on Friday, November 1st. Northland Capmk lowered shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $45.00.

Northwest Pipe Stock Performance

NASDAQ NWPX opened at $54.40 on Friday. Northwest Pipe has a 12-month low of $25.81 and a 12-month high of $55.22. The firm has a 50-day moving average price of $44.72 and a two-hundred day moving average price of $39.35. The company has a market capitalization of $539.65 million, a P/E ratio of 18.50, a P/E/G ratio of 3.18 and a beta of 0.98. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17.

Insider Activity at Northwest Pipe

In other news, EVP Miles Brittain sold 4,500 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $41.90, for a total transaction of $188,550.00. Following the completion of the transaction, the executive vice president now owns 25,858 shares of the company’s stock, valued at approximately $1,083,450.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Miles Brittain sold 4,500 shares of Northwest Pipe stock in a transaction that occurred on 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 $1,083,450.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Megan A. Kendrick sold 1,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total transaction of $44,220.00. Following the sale, the vice president now owns 9,725 shares of the company’s stock, valued at approximately $430,039.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock worth $275,140 in the last quarter. 3.30% of the stock is owned by insiders.

Institutional Trading of Northwest Pipe

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Northwest Pipe by 1.8% during the first quarter. Vanguard Group Inc. now owns 506,110 shares of the industrial products company’s stock valued at $17,552,000 after purchasing an additional 8,924 shares during the period. Foundry Partners LLC grew its stake in shares of Northwest Pipe by 0.8% in the 2nd quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company’s stock valued at $5,977,000 after buying an additional 1,340 shares during the period. 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 buying an additional 26,532 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Northwest Pipe by 4.2% during the 1st quarter. Russell Investments Group Ltd. now owns 56,226 shares of the industrial products company’s stock worth $1,950,000 after buying an additional 2,281 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Northwest Pipe by 4.8% in 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 in the last quarter. Institutional investors own 80.63% of the company’s stock.

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.