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

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

A number of other analysts have also recently commented on the company. Northland Securities cut Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 price target for the company. in a research note on Friday, November 1st. Northland Capmk cut Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $45.00.

Northwest Pipe Trading Up 0.7 %

NASDAQ:NWPX traded up $0.39 on Friday, hitting $52.73. 56,010 shares of the stock were exchanged, compared to its average volume of 41,361. The stock has a market capitalization of $523.08 million, a price-to-earnings ratio of 17.94, a P/E/G ratio of 3.23 and a beta of 0.98. Northwest Pipe has a 52 week low of $25.70 and a 52 week high of $55.22. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.27 and a current ratio of 3.20. The company’s 50-day moving average price is $44.51 and its 200 day moving average price is $39.13.

Insider Activity at Northwest Pipe

In related news, 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 completion of the transaction, the executive vice president now directly owns 25,858 shares in the company, valued at approximately $1,083,450.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 9,725 shares of the company’s stock, valued at $430,039.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Miles Brittain sold 4,500 shares of the company’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 of the company’s stock, valued at approximately $1,083,450.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 6,500 shares of company stock worth $275,140. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Northwest Pipe

Large investors have recently made changes to their positions in the stock. Covestor Ltd boosted its holdings in shares of 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 last quarter. Lazard Asset Management LLC bought a new stake in Northwest Pipe in the 1st quarter valued at $95,000. EntryPoint Capital LLC raised its stake in Northwest Pipe by 120.2% in the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 1,890 shares during the period. SG Americas Securities LLC bought a new stake in shares of Northwest Pipe during the third quarter valued at approximately $165,000. Finally, Semanteon Capital Management LP bought a new stake in shares of Northwest Pipe during the third quarter valued at approximately $230,000. Institutional investors and hedge funds 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.