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

StockNews.com downgraded shares of Northwest Pipe (NASDAQ:NWPX) from a buy rating to a hold rating in a research report sent to investors on Monday.

Several other research analysts also recently weighed in on NWPX. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Northland Securities lowered shares of Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Northwest Pipe presently has a consensus rating of “Hold” and an average price target of $45.00.

Northwest Pipe Stock Performance

Northwest Pipe stock opened at $56.39 on Monday. Northwest Pipe has a fifty-two week low of $25.81 and a fifty-two week high of $57.08. The company has a market capitalization of $559.39 million, a price-to-earnings ratio of 19.04, a PEG ratio of 3.37 and a beta of 0.98. The stock has a fifty day moving average of $47.51 and a two-hundred day moving average of $40.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20.

Insider Transactions at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the business’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 transaction, the vice president now owns 9,725 shares in the company, valued at $430,039.50. The trade was a 9.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Miles Brittain sold 4,500 shares of the business’s 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 in the company, valued at $1,083,450.20. This trade represents a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,800 shares of company stock worth $291,070 in the last ninety days. Insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Covestor Ltd increased its stake in Northwest Pipe by 1,857.6% during the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock worth $29,000 after buying an additional 613 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Northwest Pipe during the third quarter valued at about $67,000. Lazard Asset Management LLC purchased a new stake in shares of Northwest Pipe during the first quarter worth about $95,000. SG Americas Securities LLC acquired a new position in shares of Northwest Pipe in the third quarter worth about $165,000. Finally, Semanteon Capital Management LP purchased a new position in Northwest Pipe in the third quarter valued at about $230,000. 80.63% of the stock is owned by institutional investors and hedge funds.

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.