Northwest Pipe (NASDAQ:NWPX) Raised to “Hold” at Sidoti

Northwest Pipe (NASDAQ:NWPX) was upgraded by analysts at Sidoti to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Northland Securities boosted their price objective on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, January 3rd. Finally, Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $47.50.

Northwest Pipe Stock Performance

Shares of NASDAQ NWPX opened at $48.02 on Tuesday. Northwest Pipe has a 12 month low of $28.57 and a 12 month high of $57.76. The company has a market cap of $476.31 million, a P/E ratio of 16.33, a P/E/G ratio of 2.85 and a beta of 1.05. The business’s 50 day moving average is $49.18 and its two-hundred day moving average is $47.98. The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NWPX. Covestor Ltd increased its holdings in Northwest Pipe by 1,857.6% in the 3rd quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after buying an additional 613 shares during the period. Aquatic Capital Management LLC acquired a new stake in shares of Northwest Pipe during the 4th quarter valued at about $30,000. AlphaQuest LLC bought a new stake in Northwest Pipe in the fourth quarter valued at about $31,000. Point72 Asset Management L.P. acquired a new position in Northwest Pipe in the fourth quarter worth about $53,000. Finally, Tower Research Capital LLC TRC lifted its stake in Northwest Pipe by 33.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,277 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 319 shares during the period. 80.63% of the stock is owned by institutional investors.

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.