Northwest Pipe (NASDAQ:NWPX) Upgraded at StockNews.com

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

Separately, Northland Securities increased their target price on Northwest Pipe from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday.

Northwest Pipe Stock Up 5.3 %

Shares of NWPX stock traded up $1.96 during trading hours on Monday, reaching $39.04. The company had a trading volume of 72,131 shares, compared to its average volume of 42,075. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.40 and a current ratio of 3.56. Northwest Pipe has a twelve month low of $25.67 and a twelve month high of $40.00. The company has a market capitalization of $387.28 million, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 2.95 and a beta of 0.98. The stock’s fifty day simple moving average is $34.80 and its 200 day simple moving average is $33.23.

Institutional Investors Weigh In On Northwest Pipe

A number of hedge funds have recently bought and sold shares of NWPX. Byrne Asset Management LLC lifted its holdings in shares of Northwest Pipe by 17.3% in the 4th quarter. Byrne Asset Management LLC now owns 2,850 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 420 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Northwest Pipe in the 1st quarter worth approximately $95,000. EntryPoint Capital LLC boosted its stake in shares of Northwest Pipe by 120.2% during the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock valued at $120,000 after buying an additional 1,890 shares during the period. SG Americas Securities LLC boosted its stake in shares of Northwest Pipe by 20.4% during the 4th quarter. SG Americas Securities LLC now owns 5,378 shares of the industrial products company’s stock valued at $163,000 after buying an additional 912 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Northwest Pipe by 216.4% during the 1st quarter. BNP Paribas Financial Markets now owns 8,705 shares of the industrial products company’s stock valued at $302,000 after purchasing an additional 5,954 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.