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

StockNews.com lowered shares of Northwest Pipe (NASDAQ:NWPX) from a buy rating to a hold rating in a research note released on Monday morning.

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

Northwest Pipe Trading Up 0.8 %

NWPX opened at $56.39 on Monday. The company has a market cap of $559.39 million, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 3.37 and a beta of 0.98. The company has a fifty day moving average price of $47.78 and a two-hundred day moving average price of $41.06. The company has a current ratio of 3.20, a quick ratio of 2.27 and a debt-to-equity ratio of 0.17. Northwest Pipe has a 1-year low of $25.81 and a 1-year high of $57.08.

Insider Transactions at Northwest Pipe

In other news, EVP Miles Brittain sold 4,500 shares of Northwest Pipe stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $41.90, for a total transaction of $188,550.00. Following the sale, the executive vice president now directly owns 25,858 shares in the company, valued at $1,083,450.20. The trade was a 14.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Megan A. Kendrick sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $44.22, for a total transaction of $44,220.00. Following the sale, the vice president now owns 9,725 shares of the company’s stock, valued at $430,039.50. This trade represents a 9.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,800 shares of company stock worth $291,070 in the last quarter. 3.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Northwest Pipe by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 506,110 shares of the industrial products company’s stock valued at $17,552,000 after acquiring an additional 8,924 shares during the period. Geode Capital Management LLC raised its position in shares of Northwest Pipe by 1.2% in the third quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company’s stock valued at $10,076,000 after purchasing an additional 2,657 shares during the period. Foundry Partners LLC lifted its stake in shares of Northwest Pipe by 0.8% during the 2nd quarter. Foundry Partners LLC now owns 175,945 shares of the industrial products company’s stock valued at $5,977,000 after buying an additional 1,340 shares in the last quarter. American Century Companies Inc. boosted its holdings in Northwest Pipe by 26.7% in the 2nd quarter. American Century Companies Inc. now owns 125,821 shares of the industrial products company’s stock worth $4,274,000 after buying an additional 26,532 shares during the period. Finally, Bank of New York Mellon Corp grew its stake 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 valued at $1,818,000 after buying an additional 2,428 shares in the last quarter. 80.63% of the stock is 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.