Northwest Pipe (NASDAQ:NWPX) Cut to “Hold” at StockNews.com

Northwest Pipe (NASDAQ:NWPX) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Other research analysts also recently issued research reports about the stock. Northland Capmk downgraded shares of Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Northland Securities increased their price target on Northwest Pipe from $50.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Northwest Pipe presently has a consensus rating of “Hold” and an average target price of $47.50.

Northwest Pipe Stock Performance

NWPX opened at $48.66 on Tuesday. The firm has a fifty day moving average price of $51.98 and a 200 day moving average price of $45.05. Northwest Pipe has a 1 year low of $27.89 and a 1 year high of $57.76. The stock has a market cap of $482.66 million, a P/E ratio of 16.55, a P/E/G ratio of 3.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27.

Institutional Trading of Northwest Pipe

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in Northwest Pipe in the 3rd quarter valued at about $944,000. Assenagon Asset Management S.A. raised its holdings in shares of Northwest Pipe by 7.5% during the third quarter. Assenagon Asset Management S.A. now owns 53,084 shares of the industrial products company’s stock valued at $2,396,000 after acquiring an additional 3,718 shares during the last quarter. American Century Companies Inc. lifted its position in shares of 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 acquiring an additional 26,532 shares in the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of Northwest Pipe in the second quarter worth approximately $743,000. Finally, Barclays PLC increased its position in shares of Northwest Pipe by 272.8% during the third quarter. Barclays PLC now owns 13,001 shares of the industrial products company’s stock worth $586,000 after purchasing an additional 9,514 shares in 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.