Northwest Pipe (NASDAQ:NWPX) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Northwest Pipe (NASDAQ:NWPX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $44.96 and traded as high as $46.71. Northwest Pipe shares last traded at $46.64, with a volume of 77,124 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NWPX shares. Northland Capmk lowered shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Northland Securities boosted their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, January 3rd. Finally, StockNews.com lowered Northwest Pipe from a “buy” rating to a “hold” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $47.50.

Northwest Pipe Trading Up 2.7 %

The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $51.98 and its 200-day simple moving average is $45.05. The company has a market cap of $482.66 million, a PE ratio of 16.55, a P/E/G ratio of 3.19 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NWPX. Zacks Investment Management bought a new position in Northwest Pipe during the third quarter valued at approximately $1,607,000. American Century Companies Inc. grew its position in Northwest Pipe by 26.7% in the second quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock worth $4,274,000 after acquiring an additional 26,532 shares in the last quarter. Silver Lake Advisory LLC acquired a new position in Northwest Pipe during the second quarter worth $743,000. Jane Street Group LLC acquired a new position in shares of Northwest Pipe during the 3rd quarter valued at about $944,000. Finally, JPMorgan Chase & Co. grew its holdings in Northwest Pipe by 34.2% during the third quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock valued at $2,544,000 after purchasing an additional 14,374 shares during the last quarter. 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.