Northwest Pipe (NASDAQ:NWPX) Upgraded at Sidoti

Sidoti upgraded shares of Northwest Pipe (NASDAQ:NWPX) to a hold rating in a research note released on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on the stock. Northland Capmk cut shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a report on Friday, November 1st. Northland Securities upped their target price on shares of Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Finally, StockNews.com downgraded shares of Northwest Pipe from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $47.50.

Northwest Pipe Stock Performance

Shares of Northwest Pipe stock opened at $48.02 on Tuesday. 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’s fifty day moving average is $49.18 and its two-hundred day moving average is $47.98. Northwest Pipe has a 52 week low of $28.57 and a 52 week high of $57.76. The company has a market capitalization of $476.31 million, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.85 and a beta of 1.05.

Institutional Trading of Northwest Pipe

Several institutional investors and hedge funds have recently made changes to their positions in NWPX. Assenagon Asset Management S.A. grew its holdings in Northwest Pipe by 7.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock worth $2,396,000 after acquiring an additional 3,718 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Northwest Pipe by 3.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 18,147 shares of the industrial products company’s stock worth $819,000 after purchasing an additional 549 shares during the period. Summit Global Investments bought a new position in shares of Northwest Pipe during the third quarter valued at approximately $262,000. Covestor Ltd increased its holdings in Northwest Pipe by 1,857.6% during the third 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. Finally, Victory Capital Management Inc. increased its holdings in Northwest Pipe by 19.4% during the third quarter. Victory Capital Management Inc. now owns 52,686 shares of the industrial products company’s stock valued at $2,378,000 after buying an additional 8,576 shares during the period. 80.63% of the stock is currently 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.