Northwest Pipe (NASDAQ:NWPX) Hits New 1-Year High – What’s Next?

Northwest Pipe (NASDAQ:NWPX)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $50.71 and last traded at $50.50, with a volume of 39338 shares traded. The stock had previously closed at $47.26.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NWPX shares. Northland Securities cut Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price objective for the company. in a research note on Friday, November 1st. StockNews.com raised shares of Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

Northwest Pipe Price Performance

The company has a quick ratio of 2.27, a current ratio of 3.20 and a debt-to-equity ratio of 0.17. The stock has a market cap of $519.21 million, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 2.98 and a beta of 0.98. The stock has a fifty day moving average of $44.18 and a two-hundred day moving average of $38.84.

Insider Activity

In related news, EVP Miles Brittain sold 4,500 shares of Northwest Pipe stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the completion of the sale, the executive vice president now owns 25,858 shares in the company, valued at approximately $1,083,450.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Northwest Pipe news, EVP Miles Brittain sold 4,500 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the transaction, the executive vice president now owns 25,858 shares of the company’s stock, valued at $1,083,450.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $44.22, for a total value 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. The trade was 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 over the last 90 days. 3.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Northwest Pipe

A number of institutional investors have recently added to or reduced their stakes in NWPX. BNP Paribas Financial Markets raised its stake in shares of Northwest Pipe by 216.4% in the 1st quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company’s stock valued at $302,000 after acquiring an additional 5,954 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Northwest Pipe by 9.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,029 shares of the industrial products company’s stock worth $591,000 after buying an additional 1,507 shares in the last quarter. Manchester Capital Management LLC boosted its position in Northwest Pipe by 80.0% in the 1st quarter. Manchester Capital Management LLC now owns 10,710 shares of the industrial products company’s stock valued at $371,000 after buying an additional 4,760 shares during the last quarter. Empowered Funds LLC grew its stake in Northwest Pipe by 7.8% during the 1st quarter. Empowered Funds LLC now owns 38,628 shares of the industrial products company’s stock valued at $1,340,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Northwest Pipe by 4.2% during the first 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 in 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.