StockNews.com upgraded shares of Northwest Pipe (NASDAQ:NWPX – Free Report) from a hold rating to a buy rating in a research report released on Monday morning.
Separately, Northland Securities boosted their target price on Northwest Pipe from $40.00 to $50.00 and gave the stock an outperform rating in a report on Friday, August 2nd.
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Northwest Pipe Price Performance
Institutional Investors Weigh In On Northwest Pipe
Institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in Northwest Pipe by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 755,883 shares of the industrial products company’s stock valued at $22,873,000 after acquiring an additional 5,572 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Northwest Pipe by 1.8% during the first quarter. Vanguard Group Inc. now owns 506,110 shares of the industrial products company’s stock valued at $17,552,000 after buying an additional 8,924 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of Northwest Pipe by 16.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 317,067 shares of the industrial products company’s stock valued at $9,594,000 after buying an additional 44,756 shares during the last quarter. Foundry Partners LLC boosted its position in shares of Northwest Pipe by 0.8% during the second 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 during the last quarter. Finally, American Century Companies Inc. increased 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 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.
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