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

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

Other equities research analysts have also issued research reports about the company. Northland Capmk lowered Northwest Pipe from a “strong-buy” rating to a “hold” rating in a research note 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 price target for the company. in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

Northwest Pipe Stock Performance

NASDAQ:NWPX opened at $52.73 on Friday. Northwest Pipe has a 1-year low of $25.70 and a 1-year high of $55.22. The stock has a market cap of $523.08 million, a P/E ratio of 17.94, a PEG ratio of 3.23 and a beta of 0.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.20 and a quick ratio of 2.27. The firm has a 50-day moving average of $44.51 and a two-hundred day moving average of $39.08.

Insider Activity at Northwest Pipe

In other Northwest Pipe news, VP Megan A. Kendrick sold 1,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.37, for a total transaction of $42,370.00. Following the transaction, the vice president now owns 10,725 shares of the company’s stock, valued at $454,418.25. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, VP Megan A. Kendrick sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $42.37, for a total transaction of $42,370.00. Following the sale, the vice president now directly owns 10,725 shares of the company’s stock, valued at approximately $454,418.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the executive vice president now directly owns 25,858 shares of the company’s stock, valued at approximately $1,083,450.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,500 shares of company stock valued at $275,140 over the last three months. 3.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Northwest Pipe

A number of institutional investors have recently modified their holdings of NWPX. Covestor Ltd boosted its stake in Northwest Pipe by 1,857.6% in the third quarter. Covestor Ltd now owns 646 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 613 shares during the period. Lazard Asset Management LLC acquired a new position in Northwest Pipe during the 1st quarter valued at approximately $95,000. EntryPoint Capital LLC grew its stake in Northwest Pipe by 120.2% during the 1st quarter. EntryPoint Capital LLC now owns 3,462 shares of the industrial products company’s stock worth $120,000 after buying an additional 1,890 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Northwest Pipe in the third quarter worth $165,000. Finally, Semanteon Capital Management LP bought a new stake in Northwest Pipe in the third quarter valued at $230,000. Institutional investors 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.