Northwest Pipe (NASDAQ:NWPX – Get Free Report) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.
Separately, Northland Securities boosted their target price on shares of Northwest Pipe from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday.
Check Out Our Latest Report on Northwest Pipe
Northwest Pipe Stock Up 5.3 %
Institutional Trading of Northwest Pipe
Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in Northwest Pipe by 20.4% in the 4th quarter. SG Americas Securities LLC now owns 5,378 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 912 shares during the last quarter. Byrne Asset Management LLC lifted its holdings in shares of Northwest Pipe by 17.3% in the 4th quarter. Byrne Asset Management LLC now owns 2,850 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 420 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Northwest Pipe by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 755,883 shares of the industrial products company’s stock worth $22,873,000 after acquiring an additional 5,572 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Northwest Pipe by 11.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,522 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 1,585 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Northwest Pipe by 11.0% in the 4th quarter. Franklin Resources Inc. now owns 72,942 shares of the industrial products company’s stock worth $2,207,000 after acquiring an additional 7,242 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.
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