Northwest Pipe (NASDAQ:NWPX) PT Raised to $42.00 at DA Davidson

Northwest Pipe (NASDAQ:NWPXGet Rating) had its price target lifted by DA Davidson to $42.00 in a research report issued on Tuesday, Stock Target Advisor reports. DA Davidson’s price objective would indicate a potential upside of 15.89% from the company’s previous close.

Separately, StockNews.com began coverage on Northwest Pipe in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Northwest Pipe Stock Up 2.4 %

NASDAQ NWPX opened at $36.24 on Tuesday. The business has a fifty day moving average price of $31.68 and a 200 day moving average price of $31.28. Northwest Pipe has a one year low of $24.30 and a one year high of $36.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.04 and a current ratio of 2.78. The company has a market cap of $359.75 million, a P/E ratio of 14.21 and a beta of 0.85.

Insiders Place Their Bets

In other Northwest Pipe news, Director Richard A. Roman sold 1,133 shares of the firm’s stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $32.04, for a total value of $36,301.32. Following the completion of the sale, the director now directly owns 27,745 shares of the company’s stock, valued at approximately $888,949.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Northwest Pipe news, Director Richard A. Roman sold 1,133 shares of the firm’s stock in a transaction on Thursday, October 20th. The stock was sold at an average price of $32.04, for a total value of $36,301.32. Following the completion of the sale, the director now directly owns 27,745 shares of the company’s stock, valued at approximately $888,949.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael C. Franson sold 1,851 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $34.00, for a total value of $62,934.00. Following the completion of the sale, the director now directly owns 17,636 shares of the company’s stock, valued at $599,624. The disclosure for this sale can be found here. Insiders sold 3,618 shares of company stock valued at $119,542 in the last three months. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Northwest Pipe

A number of hedge funds have recently modified their holdings of NWPX. Advisor Group Holdings Inc. grew its holdings in shares of Northwest Pipe by 13.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,786 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 567 shares during the period. DDD Partners LLC grew its holdings in shares of Northwest Pipe by 5.8% during the 1st quarter. DDD Partners LLC now owns 465,465 shares of the industrial products company’s stock worth $11,846,000 after purchasing an additional 25,520 shares during the period. Skylands Capital LLC boosted its holdings in Northwest Pipe by 19.4% during the 1st quarter. Skylands Capital LLC now owns 106,400 shares of the industrial products company’s stock valued at $2,708,000 after acquiring an additional 17,300 shares during the period. Boston Partners boosted its holdings in Northwest Pipe by 14.2% during the 1st quarter. Boston Partners now owns 24,120 shares of the industrial products company’s stock valued at $614,000 after acquiring an additional 3,008 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in Northwest Pipe by 28.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 520,543 shares of the industrial products company’s stock valued at $13,248,000 after acquiring an additional 114,726 shares during the period. 84.76% of the stock is currently owned by hedge funds and other institutional investors.

Northwest Pipe Company Profile

(Get Rating)

Northwest Pipe Company, together with its subsidiaries, manufactures and supplies 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, high-pressure steel pipeline systems for use in water infrastructure applications, which are primarily related to drinking water systems.

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