Northwest Pipe (NASDAQ:NWPX) Lowered to “Hold” Rating by StockNews.com

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

A number of other equities research analysts have also issued reports on NWPX. Northland Capmk lowered Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 1st. Northland Securities increased their target price on Northwest Pipe from $50.00 to $55.00 and gave the company a “market perform” rating in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Northwest Pipe has a consensus rating of “Hold” and a consensus price target of $47.50.

Northwest Pipe Trading Up 1.6 %

Shares of NWPX stock opened at $47.39 on Tuesday. The stock has a market capitalization of $470.06 million, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 3.19 and a beta of 1.05. Northwest Pipe has a fifty-two week low of $27.89 and a fifty-two week high of $57.76. 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 company has a 50 day moving average price of $52.08 and a 200 day moving average price of $44.96.

Institutional Trading of Northwest Pipe

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Northwest Pipe by 1.2% during the third quarter. Geode Capital Management LLC now owns 223,232 shares of the industrial products company’s stock worth $10,076,000 after acquiring an additional 2,657 shares during the last quarter. American Century Companies Inc. raised its position 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 worth $4,274,000 after acquiring an additional 26,532 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Northwest Pipe by 34.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 56,371 shares of the industrial products company’s stock worth $2,544,000 after purchasing an additional 14,374 shares during the period. Bank of New York Mellon Corp grew its position in Northwest Pipe by 4.8% during the second quarter. Bank of New York Mellon Corp now owns 53,509 shares of the industrial products company’s stock worth $1,818,000 after buying an additional 2,428 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in 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 valued at $2,396,000 after purchasing an additional 3,718 shares in the last quarter. Hedge funds and other institutional investors 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.