Northwest Pipe (NASDAQ:NWPX) Sets New 52-Week High – Still a Buy?

Northwest Pipe (NASDAQ:NWPX) shares reached a new 52-week high during trading on Thursday . The company traded as high as $57.44 and last traded at $57.27, with a volume of 33685 shares changing hands. The stock had previously closed at $56.27.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NWPX. Northland Capmk lowered Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 1st. StockNews.com upgraded Northwest Pipe from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Northland Securities downgraded Northwest Pipe from an “outperform” rating to a “market perform” rating and set a $50.00 target price on the stock. in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $45.00.

Northwest Pipe Trading Down 3.4 %

The firm has a market capitalization of $552.19 million, a PE ratio of 18.94, a P/E/G ratio of 3.40 and a beta of 1.02. 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 firm has a fifty day moving average of $49.53 and a 200 day moving average of $42.01.

Insider Activity at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.37, for a total transaction of $42,370.00. Following the completion of the sale, the vice president now owns 10,725 shares in the company, valued at $454,418.25. This trade represents a 8.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have sold 2,300 shares of company stock worth $102,520. 3.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Northwest Pipe

Hedge funds have recently bought and sold shares of the business. Ellsworth Advisors LLC acquired a new stake in Northwest Pipe during the 2nd quarter valued at approximately $529,000. Silver Lake Advisory LLC acquired a new position in shares of Northwest Pipe in the 2nd quarter worth approximately $743,000. Assenagon Asset Management S.A. grew its position in shares of Northwest Pipe by 7.5% in 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. American Century Companies Inc. lifted its stake 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 valued at $4,274,000 after buying an additional 26,532 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Northwest Pipe by 4.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 53,509 shares of the industrial products company’s stock worth $1,818,000 after purchasing an additional 2,428 shares during the last quarter. 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.